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Tax on Single-Family Home Acquisitions by Large Investors

A new bill proposes a high tax on single-family home purchases by large investment firms. The aim is to curb the acquisition of properties by financial giants, potentially stabilizing housing prices and increasing home availability for ordinary citizens. The tax does not apply to individuals buying a home for personal use or to low-income housing programs.
Key points
Imposition of a 100% tax on single-family home acquisitions by investors with over $20 million in assets.
The tax aims to limit large entities from buying up properties, potentially impacting the housing market.
Revenues from the tax are to be transferred to the Housing Trust Fund, supporting housing affordability.
The bill mandates annual reporting on trends in single-family home purchases by large investors, increasing market transparency.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_8582
Sponsor: Rep. Smith, Adam [D-WA-9]
Process start date: 2022-07-28
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

To amend the Internal Revenue Code of 1986 to impose an excise tax on the acquisition of single-family homes by certain large investors.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_8582.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-07-28.

What are the main provisions?

Key points include:

  • Imposition of a 100% tax on single-family home acquisitions by investors with over $20 million in assets.
  • The tax aims to limit large entities from buying up properties, potentially impacting the housing market.
  • Revenues from the tax are to be transferred to the Housing Trust Fund, supporting housing affordability.
  • The bill mandates annual reporting on trends in single-family home purchases by large investors, increasing market transparency.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Smith, Adam [D-WA-9].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Taxes Real Estate