SENATE 2224118th CongressCommittee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 118-712.
Stop Predatory Investing Act
- Last Action
- 4/18/2024
Actions
- 2024-04-18Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 118-712.
- 2023-07-11Read twice and referred to the Committee on Finance.
- 2023-07-11Introduced in Senate
CRS Summary
As of 2023-07-11 (00)
Stop Predatory Investing Act
This bill denies taxpayers owning 50 or more single family properties any tax deduction for interest paid or accrued in connection with any single family residential rental property. It also disallows depreciation of residential rental property owned by such taxpayers.
Cosponsors (12)
- Ron Wyden (D-OR)
- John Reed (D-RI)
- Tina Smith (D-MN)
- Jeff Merkley (D-OR)
- John Fetterman (D-PA)
- Elizabeth Warren (D-MA)
- Tammy Baldwin (D-WI)
- Sheldon Whitehouse (D-RI)
- Bernard Sanders (I-VT)
- Amy Klobuchar (D-MN)
- Peter Welch (D-VT)
- Richard Blumenthal (D-CT)
Subjects
- Income tax deductions
- Interest, dividends, interest rates
- Real estate business
- State and local government operations
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.