Bill > HR9937

This bill, the Stop Predatory Investing Act, aims to disallow interest and depreciation deductions for taxpayers who own 50 or more single-family rental properties. The key provisions include: 1. Disallowing interest deductions for "disqualified single-family property owners," defined as those who own 50 or more single-family rental properties, with exceptions for properties sold to individuals for their primary residence or to qualified nonprofit organizations focused on affordable housing. 2. Disallowing depreciation deductions for "disqualified single-family property owners" on their single-family rental properties, with exceptions for properties sold to individuals for their primary residence or to qualified nonprofit organizations. The bill is intended to discourage the practice of large-scale real estate investors purchasing single-family homes and renting them out, which can contribute to housing affordability challenges in some areas.

Budget and Finance

https://www.congress.gov/bill/118th-congress/house-bill/9937/all-info