A bill to amend the Internal Revenue Code of 1986 to impose a tax on the purchase of single-family homes by certain large investors, and for other purposes.
2/1/2024, 1:44 PMSummary of Bill S 3673
Bill 118 s 3673, also known as the "Single-Family Home Investor Tax Act," aims to make changes to the Internal Revenue Code of 1986. The main provision of this bill is to impose a tax on the purchase of single-family homes by certain large investors. This tax would apply to investors who purchase a significant number of single-family homes, with the goal of discouraging large investors from dominating the housing market and driving up prices for individual homebuyers.In addition to the tax on single-family home purchases, the bill also includes provisions for other purposes. These additional purposes are not specified in the summary, but could potentially include measures to address housing affordability, promote homeownership for individuals, or regulate the real estate market.
Overall, the Single-Family Home Investor Tax Act is aimed at addressing concerns about the impact of large investors on the housing market and ensuring that individual homebuyers have a fair chance to purchase homes at reasonable prices. It will be important to monitor the progress of this bill in Congress to see if it is ultimately passed into law.
Current Status of Bill S 3673
Bill S 3673 is currently in the status of Bill Introduced since January 25, 2024. Bill S 3673 was introduced during Congress 118 and was introduced to the Senate on January 25, 2024. Bill S 3673's most recent activity was Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S270) as of January 25, 2024Bipartisan Support of Bill S 3673
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
12Democrat Cosponsors
12Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 3673
Primary Policy Focus
Alternate Title(s) of Bill S 3673
A bill to amend the Internal Revenue Code of 1986 to impose a tax on the purchase of single-family homes by certain large investors, and for other purposes.A bill to amend the Internal Revenue Code of 1986 to impose a tax on the purchase of single-family homes by certain large investors, and for other purposes.Comments
Most relevant
Sponsors and Cosponsors of S 3673
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