arrow_back Civic Audit
Share share

Tax on Purchase of Single-Family Homes by Certain Large Investors

This bill amends the Internal Revenue Code to impose an excise tax on the purchase of single-family homes by investors who own a significant number of such properties. The revenue generated is allocated to the Housing Trust Fund and the Capital Magnet Fund.
Key points
Investors owning more than 15 single-family homes will pay a tax between 1% and 5% on new purchases.
A 5% tax rate applies to 'giant investors' owning more than 100 homes.
New construction and certain non-profit or public housing organizations are exempt from this tax.
Tax revenue is allocated to the Housing Trust Fund (65%) and the Capital Magnet Fund (35%).
article Official text account_balance Process page notifications_active Track this Bill
Status: Introduced
Civic Will
Checking votes...
I support
I oppose
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens (explained here). Start recording it now.
Additional Information
Print number: 119_S_3754
Sponsor: Sen. Reed, Jack [D-RI]
Process start date: 2026-01-30
System Note: Lustra is free, publicly auditable civic infrastructure — full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source—always verify them if you can.
Summarized by: gemini-3-pro-preview
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Affordable Housing and Homeownership Protection Act of 2026

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_3754.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2026-01-30.

What are the main provisions?

Key points include:

  • Investors owning more than 15 single-family homes will pay a tax between 1% and 5% on new purchases.
  • A 5% tax rate applies to 'giant investors' owning more than 100 homes.
  • New construction and certain non-profit or public housing organizations are exempt from this tax.
  • Tax revenue is allocated to the Housing Trust Fund (65%) and the Capital Magnet Fund (35%).
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. Reed, Jack [D-RI].

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 2026-02-21.

What is the impact of this bill?

We don't know—that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Taxes Real Estate Economy