H.R. 8582 · 117th Congress · House

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

Active· Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determi…
Introduced
Jul 28, 22
Passed House
Pending
Passed Senate
Pending
Sent to President
Pending
Signed into Law
Pending

Executive 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.

Action Timeline

4
  1. JUL 28, 2022•IntroReferral

    Introduced in House

  2. JUL 28, 2022•IntroReferral

    Introduced in House

  3. JUL 28, 2022•IntroReferral

    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.

  4. JUL 28, 2022•IntroReferral

    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.

Committees

2

Financial Services Committee

hsba00

Referred: Jul 28, 2022

Active

Ways and Means Committee

hswm00

Referred: Jul 28, 2022

Active