RELATING TO TAXATION OF REAL ESTATE INVESTMENT TRUSTS.
HB 1273 removes a tax deduction for real estate investment trusts (REITs) by disallowing their "dividends-paid deduction" for tax purposes. This change directly affects REITs operating in the state, requiring them to pay tax on income they previously could offset with this deduction. The policy takes effect for taxable years starting after December 31, 2025. The bill is currently pending in the 2026 legislative session.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 22, 2025
Last action Dec 8, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
4
Key actions
0
Committee
1
Jan 27, 2025
Committee
Referred to ECD, CPC, FIN, referral sheet 4
lower
Jan 23, 2025
Introduced
Introduced and Pass First Reading.
lower
Jan 22, 2025
Introduced
Pending introduction.
lower
4 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Amy Perruso
DDemocratic
P
Kim Coco Iwamoto
DDemocratic
P
Terez Amato
DDemocratic
P
Tina Grandinetti
DDemocratic
Ask Maddy
·
AI policy assistant
Ask Maddy about HB 1273
Scope: HI
Hi! I can help you understand HB 1273. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline