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Denying Tax Breaks for Large Owners of Single-Family Rental Homes.

This bill aims to discourage large corporate entities from buying up single-family homes by eliminating major tax deductions. Taxpayers owning 50 or more single-family rental properties will lose the ability to deduct interest expenses and depreciation. The goal is to free up housing supply for individual buyers and affordable housing organizations.
Key points
Entities owning 50 or more single-family rental properties will no longer be able to deduct interest payments or claim depreciation on those properties.
These deductions are only allowed if the property is sold to an individual for use as their primary residence or to a qualified affordable housing nonprofit.
The legislation targets institutional investors to potentially increase homeownership opportunities for families and stabilize the housing market.
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Expired
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Additional Information
Print number: 118_HR_9937
Sponsor: Rep. Sykes, Emilia Strong [D-OH-13]
Process start date: 2024-10-04
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Stop Predatory Investing Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_9937.

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 2024-10-04.

What are the main provisions?

Key points include:

  • Entities owning 50 or more single-family rental properties will no longer be able to deduct interest payments or claim depreciation on those properties.
  • These deductions are only allowed if the property is sold to an individual for use as their primary residence or to a qualified affordable housing nonprofit.
  • The legislation targets institutional investors to potentially increase homeownership opportunities for families and stabilize the housing market.
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. Sykes, Emilia Strong [D-OH-13].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Taxes Real Estate Economy