,i  #aaeth ,,congress  #ast ,session    
,h4 ,r4 #deca  ,,in ,,the ,,house ,,of  
,,representatives  ,december #d1        
#bjag,mr4 ,poe of ,texas introduced the 
following bill2 which was referred to   
the ,committee on ,ways and ,means  ,a  
,,bill  ,to amend the ,internal ,revenue
 ,code of #aihf to treat rents received 
by a real estate investment trust from a
 parking facility leased to a taxable   
,,reit subsidiary in the same manner as 
rents from lodging and health care      
facilities leased to such a subsidiary4 
#a4 ,short title ,this ,act may be cited
 as the ,,reit ,parity ,act4  #b4       
,application of the lodging and health  
care ,,reit rules to parking ,r,e,i,ts  
7a7 ,inclusion of parking ,r,e,i,ts to  
exception for certain lodging facilities
 and health care property ,section      
#hef7;d77#h77;,b7 of the ,internal      
,revenue ,code of #aihf is amended--    
7#a7 striking paragraph 7#i77;,d77 or   
and inserting paragraph 7#i77;,d771 a   
qualified parking facility 7as defined  

in paragraph 7#i77;,e771 or2  7#b7 by   
striking or qualified lodging facility  
and inserting 1 qualified lodging       
facility1 or qualified parking facility2
 and  7#c7 by striking lodging          
facilities and and inserting lodging    
facilities1 parking facilities1 and4    
7b7 ,amendment to definition of eligible
 independent contractor ,section        
#hef7;d77#i7 of such ,code is amended-- 
7#a7 by striking qualified lodging      
facility or each place it appears and   
inserting qualified lodging facility1   
qualified parking facility1 or2 and     
7#b7 by striking qualified lodging      
facilities or in subparagraph 7,a7 and  
inserting qualified lodging facilities1 
qualified parking facilities1 or4  7c7  
,addition of definition of qualified    
parking facility ,section #hef7;d77#i7  
of such ,code is amended by             
redesignating subparagraphs 7,e7 and    
7,f7 as subparagraphs 7,f7 and 7,g71    
respectively1 and by inserting after    
subparagraph 7,d7 the following new     

subparagraph3  7,e7 ,qualified parking  
facility ,for purposes of this          
paragraph-- 7i7 ,in general ,the term   
qualified parking facility means any    
real property 7including interests      
therein71 and any personal property     
incident to such real property1 which is
 a parking facility4  7ii7 ,parking     
facility ,the term parking facility     
means any facility at which motor       
vehicles are parked for terms of less   
than #a calendar month in exchange for a
 fee 7including customary amenities and 
facilities operated as part of1 or      
associated with1 any such facility so   
long as such amenities and facilities   
are customary for other properties of a 
comparable size and class owned by other
 owners unrelated to such real estate   
investment trust74  4  7d7 ,amendment to
 exceptions from taxable ,,reit         
subsidiaries ,section #hef7l77#c7 of    
such ,code is amended-- 7#a7 in         
subparagraph 7,a71 by striking a lodging
 facility or and inserting a lodging    

facility1 a parking facility used       
predominantly to generate fees from the 
parking of motor vehicles for terms of  
less than #a calendar month1 or2  7#b7  
in subparagraph 7,b71 by striking any   
lodging facility or and inserting any   
lodging facility1 parking facility used 
predominantly to generate fees from the 
parking of motor vehicles for terms of  
less than #a calendar month1 or2 and    
7#c7 in the second sentence-- 7,a7 by   
striking a lodging facility or and      
inserting a lodging facility1 a parking 
facility1 or2 and  7,b7 by striking such
 lodging facility or in the second      
sentence and inserting such lodging     
facility1 parking facility1 or4  7e7    
,addition of definition of parking      
facility ,section #hef7l77#d7 of the    
,internal ,revenue ,code of #aihf is    
amended by adding at the end the        
following new subparagraph3  7,c7       
,parking facility ,the term parking     
facility has the meaning given to such  
term by subsection 7d77#i77;,e77ii74  4 

7f7 ,effective date ,the amendments made
 by this section shall apply to taxable 
years beginning after the date of the   
enactment of this ,act4