Federal RuleAug 21
62
DOL Rewrites Disability Rules for 'Merit-Based Opportunity' Push
RuleLabor DepartmentFederal Contract Compliance Programs OfficeSignificant Wallet
117-hr-8582117th Congress
To amend the Internal Revenue Code of 1986 to impose an excise tax on the acquisition of single-family homes by certain large investors.
Sponsored By: Representative Smith, Adam [D-WA-9]
Unknown
Summary
This bill imposes a 100% excise tax on the purchase of a single-family home by a specified large investor (i.e., any person, other than a tax-exempt charitable organization or a governmental entity, with assets having a fair market value exceeding $20 million). The tax does not apply if the home is used as the principal residence of the investor or the sale to the investor is pursuant to a governmental program for providing housing to low-income individuals.
Personalized for You
How does this bill affect your finances?
Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & CoSponsors
Sponsor
Smith, Adam [D-WA-9]
WA • D
Cosponsors
Rep. Grijalva, Raúl M. [D-AZ-7]
AZ • D
Sponsored 8/5/2022
Rep. Porter, Katie [D-CA-47]
CA • D
Sponsored 8/5/2022
Rep. Khanna, Ro [D-CA-17]
CA • D
Sponsored 8/26/2022
Rep. Bowman, Jamaal [D-NY-16]
NY • D
Sponsored 8/26/2022
Rep. Schakowsky, Janice D. [D-IL-9]
IL • D
Sponsored 8/26/2022
Sen. Gallego, Ruben [D-AZ]
AZ • D
Sponsored 9/13/2022
Rep. Levin, Mike [D-CA-49]
CA • D
Sponsored 11/3/2022
Rep. Castor, Kathy [D-FL-14]
FL • D
Sponsored 11/3/2022
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov