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

Bill 117 hr 8582, also known as the "Single-Family Home Investor Tax Act," aims to make changes to the Internal Revenue Code of 1986 by implementing an excise tax on the purchase of single-family homes by specific large investors. The bill is designed to address concerns about the impact of large investors on the housing market, particularly in areas where there is a shortage of affordable housing.

Under this proposed legislation, certain large investors who acquire single-family homes would be subject to an excise tax. The exact details of the tax, such as the rate and threshold for qualifying as a large investor, would be determined by the Internal Revenue Service.

The goal of this bill is to discourage large investors from purchasing single-family homes in bulk, which can drive up prices and reduce the availability of affordable housing for individual homebuyers. By imposing an excise tax on these transactions, the bill aims to level the playing field and make it easier for individuals and families to purchase homes in competitive markets. Overall, the Single-Family Home Investor Tax Act seeks to address concerns about the impact of large investors on the housing market and promote greater access to affordable housing for all Americans.