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Tax Clarification for Rural Housing Investments

This act aims to clarify tax rules for certain investments in government-sponsored enterprises like the Federal Home Loan Mortgage Corporation and the Federal National Mortgage Association. By doing so, it seeks to support the availability of financing in the housing market, particularly in rural areas. These changes could indirectly impact housing market stability and mortgage accessibility.
Key points
Clarifies tax rules for investments in housing market agencies like Fannie Mae and Freddie Mac.
Changes apply to tax years ending after July 30, 2008, covering past transactions.
Aims to support housing investments, especially in rural areas, by removing tax ambiguities.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_1603
Sponsor: Sen. Moran, Jerry [R-KS]
Process start date: 2025-05-06
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Preserving Rural Housing Investments Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_1603.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-05-06.

What are the main provisions?

Key points include:

  • Clarifies tax rules for investments in housing market agencies like Fannie Mae and Freddie Mac.
  • Changes apply to tax years ending after July 30, 2008, covering past transactions.
  • Aims to support housing investments, especially in rural areas, by removing tax ambiguities.
What is the specific legal status?

The current status is Introduced.

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 Sen. Moran, Jerry [R-KS].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Taxes Real Estate Economy