Imposes new taxes on large investment firms that own many single-family homes.
This bill would make large investment firms pay new taxes if they buy or hold too many single-family homes. The bill's taxes are designed to incentivize these firms to reduce their holdings of single-family homes. It would also remove some tax breaks for these firms.
Today, there are no specific federal excise taxes on hedge funds or other investment firms for owning many single-family homes. These firms can also generally deduct mortgage interest and depreciation on their investment properties. If this bill becomes law, hedge funds would pay a new tax of at least $10,000 or 15 percent of the purchase price when buying a new single-family home. Other investment firms would face a $5,000 tax for each single-family home they own above declining limits. These firms would also lose tax deductions for mortgage interest and depreciation on those homes.
HR 1745 · 119th Congress · AI Summary by gemini-2.5-flash · 9/10
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1 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.