,i  #aae? ,,congress  #a/ ,session  ,h4 
,r4 #deca  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,decemb] #d1 #bjag,mr4
 ,poe ( ,texas introduc$ ! foll[+ bill2 
:i* 0 ref]r$ to ! ,committee on ,ways & 
,means  ,a ,,bill  ,to am5d ! ,int]nal  
,rev5ue ,code ( #aihf to treat r5ts     
receiv$ by a real e/ate inve/m5t tru/ f 
a p>k+ facility leas$ to a taxable      
,,reit subsidi>y 9 ! same mann] z r5ts f
 lodg+ & heal? c>e facilities leas$ to  
su* a subsidi>y4  #a4 ,%ort title ,?is  
,act may be cit$ z ! ,,reit ,p>ity ,act4
  #b4 ,application ( ! lodg+ & heal? c>e
 ,,reit rules to p>k+ ,r,e,i,ts  7a7    
,inclusion ( p>k+ ,r,e,i,ts to exception
 = c]ta9 lodg+ facilities & heal? c>e   
prop]ty ,section #hef7;d77#h77;,b7 ( !  
,int]nal ,rev5ue ,code ( #aihf is       
am5d$--  7#a7 /rik+ p>agraph 7#i77;,d77 
or & ins]t+ p>agraph 7#i77;,d771 a      
qualifi$ p>k+ facility 7z def9$ 9       
p>agraph 7#i77;,e771 or2  7#b7 by /rik+ 
or qualifi$ lodg+ facility & ins]t+ 1   
qualifi$ lodg+ facility1 or qualifi$    

p>k+ facility2 &  7#c7 by /rik+ lodg+   
facilities & & ins]t+ lodg+ facilities1 
p>k+ facilities1 &4  7b7 ,am5dm5t to    
def9ition ( eligible indep5d5t          
contractor ,section #hef7;d77#i7 ( su*  
,code is am5d$--  7#a7 by /rik+ qualifi$
 lodg+ facility or ea* place x appe>s & 
ins]t+ qualifi$ lodg+ facility1 qualifi$
 p>k+ facility1 or2 &  7#b7 by /rik+    
qualifi$ lodg+ facilities or 9          
subp>agraph 7,a7 & ins]t+ qualifi$ lodg+
 facilities1 qualifi$ p>k+ facilities1  
or4  7c7 ,addition ( def9ition (        
qualifi$ p>k+ facility ,section         
#hef7;d77#i7 ( su* ,code is am5d$ by    
r$esignat+ subp>agraphs 7,e7 & 7,f7 z   
subp>agraphs 7,f7 & 7,g71 respectively1 
& by ins]t+ aft] subp>agraph 7,d7 !     
foll[+ new subp>agraph3  7,e7 ,qualifi$ 
p>k+ facility ,= purposes ( ?is         
p>agraph-- 7i7 ,9 g5]al ,! t]m qualifi$ 
p>k+ facility means any real prop]ty    
7includ+ int]e/s !re971 & any p]sonal   
prop]ty incid5t to su* real prop]ty1 :i*
 is a p>k+ facility4  7ii7 ,p>k+        

facility ,! t]m p>k+ facility means any 
facility at :i* motor vehicles are p>k$ 
= t]ms ( less ?an #a cal5d> mon? 9      
ex*ange = a fee 7includ+ cu/om>y        
am5ities & facilities op]at$ z "p (1 or 
associat$ )1 any su* facility s long z  
su* am5ities & facilities are cu/om>y = 
o!r prop]ties ( a comp>able size & class
 own$ by o!r own]s unrelat$ to su* real 
e/ate inve/m5t tru/74  4  7d7 ,am5dm5t  
to exceptions f taxable ,,reit          
subsidi>ies ,section #hef7l77#c7 ( su*  
,code is am5d$-- 7#a7 9 subp>agraph     
7,a71 by /rik+ a lodg+ facility or &    
ins]t+ a lodg+ facility1 a p>k+ facility
 us$ pr$om9antly to g5]ate fees f ! p>k+
 ( motor vehicles = t]ms ( less ?an #a  
cal5d> mon?1 or2  7#b7 9 subp>agraph    
7,b71 by /rik+ any lodg+ facility or &  
ins]t+ any lodg+ facility1 p>k+ facility
 us$ pr$om9antly to g5]ate fees f ! p>k+
 ( motor vehicles = t]ms ( less ?an #a  
cal5d> mon?1 or2 &  7#c7 9 ! second     
s5t5ce-- 7,a7 by /rik+ a lodg+ facility 
or & ins]t+ a lodg+ facility1 a p>k+    

facility1 or2 &  7,b7 by /rik+ su* lodg+
 facility or 9 ! second s5t5ce & ins]t+ 
su* lodg+ facility1 p>k+ facility1 or4  
7e7 ,addition ( def9ition ( p>k+        
facility ,section #hef7l77#d7 ( !       
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by add+ at ! end ! foll[+ new           
subp>agraph3  7,c7 ,p>k+ facility ,! t]m
 p>k+ facility has ! mean+ giv5 to su*  
t]m by subsection 7d77#i77;,e77ii74  4  
7f7 ,effective date ,! am5dm5ts made by 
?is section %all apply to taxable ye>s  
beg9n+ aft] ! date ( ! enactm5t ( ?is   
,act4