# 119-hr-8996: Rental Housing Investment Act

119-hr-8996, Rental Housing Investment Act, is a 119th Congress bill sponsored by Rep. Sánchez, Linda T. [D-CA-38] (D-CA); status introduced; PRIA reads it as touching household money (as of 2026-09-02).

- Canonical: https://policyrisk.com/legislation/119-hr-8996
- As of: 2026-09-02
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-8996
- Congress: 119
- Title: Rental Housing Investment Act
- Status: introduced
- Introduced: 2026-05-21
- Sponsor: Rep. Sánchez, Linda T. [D-CA-38] (D-CA)
- Cosponsors: 5
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-09-02

## Summary

**Creates a large upfront depreciation allowance for new long-term residential rental housing.** This bill would let owners take a big immediate tax deduction for qualifying rental buildings instead of spreading that cost over many years.

## Cosponsors (5)

- Rep. Tenney, Claudia [R-NY-24] (R-NY), 2026-05-21T00:00:00.000Z
- Rep. Panetta, Jimmy [D-CA-19] (D-CA), 2026-05-21T00:00:00.000Z
- Rep. LaHood, Darin [R-IL-16] (R-IL), 2026-05-21T00:00:00.000Z
- Rep. Latimer, George [D-NY-16] (D-NY), 2026-06-09T00:00:00.000Z
- Rep. Fitzpatrick, Brian K. [R-PA-1] (R-PA), 2026-08-31T00:00:00.000Z

## Provisions PRIA read

- Big tax deduction for rental owners: mixed, high. If enacted, you would be able to elect a one-time depreciation deduction when you place qualifying residential rental property in service. The deduction would equal the smaller of (A) total dwelling units × $150,000 (or × $250,000 if the project meets specified low-income housing rules and you elec…

## Related bills

- 119-hr-1262: Mikaela Naylon Give Kids a Chance Act
- 119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage Act
- 119-hr-2725: Affordable Housing Credit Improvement Act of 2025
- 119-hr-3514: Improving Seniors’ Timely Access to Care Act of 2025
- 119-hr-2410: Revitalizing Downtowns and Main Streets Act
- 119-hr-2089: Generating Retirement Ownership through Long-Term Holding

## Sources
- [119-hr-8996 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/8996)

## Related
- [119-hr-1262: Mikaela Naylon Give Kids a Chance Act](https://policyrisk.com/legislation/119-hr-1262)
- [119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage A…](https://policyrisk.com/legislation/119-hr-842)
- [119-hr-2725: Affordable Housing Credit Improvement Act of 2025](https://policyrisk.com/legislation/119-hr-2725)
- [119-hr-3514: Improving Seniors’ Timely Access to Care Act of 2025](https://policyrisk.com/legislation/119-hr-3514)
- [119-hr-2410: Revitalizing Downtowns and Main Streets Act](https://policyrisk.com/legislation/119-hr-2410)
- [119-hr-2089: Generating Retirement Ownership through Long-Term Holding](https://policyrisk.com/legislation/119-hr-2089)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-8996 (as of 2026-09-02).