# 117-hr-8582: To amend the Internal Revenue Code of 1986 to impose an excise tax on the acquisition of single-family homes by certain large investors.

117-hr-8582, To amend the Internal Revenue Code of 1986 to impose an excise tax on the acquisition of single-family homes by certain large investors., is a 117th Congress bill sponsored by Rep. Smith, Adam [D-WA-9] (D-WA); status Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/117-hr-8582
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 117-hr-8582
- Congress: 117
- Title: To amend the Internal Revenue Code of 1986 to impose an excise tax on the acquisition of single-family homes by certain large investors.
- Status: Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- Introduced: 2022-07-28
- Sponsor: Rep. Smith, Adam [D-WA-9] (D-WA)
- Cosponsors: 8
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## 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.

## Cosponsors (8)

- Rep. Grijalva, Raúl M. [D-AZ-7] (D-AZ), 2022-08-05T00:00:00.000Z
- Rep. Porter, Katie [D-CA-47] (D-CA), 2022-08-05T00:00:00.000Z
- Rep. Khanna, Ro [D-CA-17] (D-CA), 2022-08-26T00:00:00.000Z
- Rep. Bowman, Jamaal [D-NY-16] (D-NY), 2022-08-26T00:00:00.000Z
- Rep. Schakowsky, Janice D. [D-IL-9] (D-IL), 2022-08-26T00:00:00.000Z
- Sen. Gallego, Ruben [D-AZ] (D-AZ), 2022-09-13T00:00:00.000Z
- Rep. Levin, Mike [D-CA-49] (D-CA), 2022-11-03T00:00:00.000Z
- Rep. Castor, Kathy [D-FL-14] (D-FL), 2022-11-03T00:00:00.000Z

## Related bills

- 117-hr-3537: Accelerating Access to Critical Therapies for ALS Act
- 117-hr-1842: Harriet Tubman Bicentennial Commemorative Coin Act
- 117-hr-8373: Right to Contraception Act
- 117-hres-1152: Condemning the atrocity that occurred in Buffalo, New York, on May 14, 2022, in which 10 Americans were killed and 3 were injured, and in which 11 of the 13 vi…
- 117-hr-7814: Health Care Providers Safety Act of 2022
- 117-hres-1096: Approving certain regulations to implement provisions of the Congressional Accountability Act of 1995 relating to labor-management relations with respect to em…

## Sources
- [117-hr-8582 on Congress.gov](https://www.congress.gov/bill/117th-congress/house-bill/8582)

## Related
- [117-hr-3537: Accelerating Access to Critical Therapies for ALS Act](https://policyrisk.com/legislation/117-hr-3537)
- [117-hr-1842: Harriet Tubman Bicentennial Commemorative Coin Act](https://policyrisk.com/legislation/117-hr-1842)
- [117-hr-8373: Right to Contraception Act](https://policyrisk.com/legislation/117-hr-8373)
- [117-hres-1152: Condemning the atrocity that occurred in Buffalo, New York, on May 14, 2022, in…](https://policyrisk.com/legislation/117-hres-1152)
- [117-hr-7814: Health Care Providers Safety Act of 2022](https://policyrisk.com/legislation/117-hr-7814)
- [117-hres-1096: Approving certain regulations to implement provisions of the Congressional Acco…](https://policyrisk.com/legislation/117-hres-1096)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/117-hr-8582 (as of 2025-11-18).