Bill > HR3745

This bill, called the "American Neighborhoods Protection Act of 2025", introduces a comprehensive approach to limiting large-scale residential property ownership by imposing a significant tax on individuals or entities owning more than 75 single-family residences. Under the proposed legislation, covered taxpayers would be required to pay a $10,000 tax for each single-family residence above the 75-unit threshold per taxable year, with specific exemptions for entities like mortgage note holders acquiring properties through foreclosure, certain nonprofit organizations, construction companies, and providers of federally subsidized housing. The bill includes complex aggregation rules to prevent circumvention, defining ownership as having a direct majority interest in a property and classifying single-family residences as residential properties with up to four dwelling units. Notably, the bill also establishes a Housing Trust Fund that will collect the tax revenues and use them to fund down payment assistance grants administered by the Department of Housing and Urban Development, with priority given to families purchasing homes sold by large property owners. Failure to properly report property ownership or transfers could result in substantial penalties, with the tax provisions set to take effect for taxable years beginning after December 31, 2025. The ultimate goal appears to be discouraging massive residential property accumulation and supporting individual homeownership.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/3745/all-info