Bill > SB2870

This bill, known as the "Stop Predatory Investing Act of 2026," aims to prevent large institutional investors from acquiring numerous single-family homes by disallowing tax deductions for interest and depreciation on properties owned by these investors if they hold 50 or more such homes. An "institutional real estate investor" is defined as a large entity like a pension fund, insurance company, or asset manager that invests over $1 million annually in real estate for income and returns. This restriction does not apply to sales made to individual homebuyers for their primary residence or to qualified nonprofit organizations focused on affordable housing. The bill also clarifies that "single-family residential rental property" refers to properties with four or fewer dwelling units. Additionally, the bill amends existing Mississippi income tax law to ensure compliance with these new provisions, making them effective for taxable years ending in 2026.

Budget and Finance

https://billstatus.ls.state.ms.us/2026/pdf/history/SB/SB2870.xml