Tax Changes: Ending Deductions for Large Single-Family Rental Owners.
This bill targets large corporate investors who own 50 or more single-family rental homes. It eliminates their ability to deduct mortgage interest and depreciation costs associated with these properties. The goal is to reduce institutional competition in the housing market, potentially making homes more accessible and affordable for individual families.
Key points
Entities owning 50 or more single-family rental properties will lose major tax benefits (interest and depreciation deductions).
The law aims to discourage large corporations from bulk purchasing homes, which could ease competition for individual home buyers.
Tax deductions are still allowed if the property is sold to a family buying it as their primary residence or to a qualified affordable housing nonprofit.
Status:
Expired
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