To amend the Internal Revenue Code of 1986 to impose an excise tax on the failure of certain hedge funds owning excess single-family residences to dispose of such residences, and for other purposes.
About This Bill
Committee
Latest Action · December 5, 2023
Read twice and referred to the Committee on Finance.
End Hedge Fund Control of American Homes Act
This bill imposes an excise tax on hedge fund taxpayers that own a certain number of single-family residences in excess of a specified amount.
The bill establishes the Housing Downpayment Trust Fund into which tax revenues from this bill shall be deposited to provide grants for down payment assistance to taxpayers purchasing a single-family residence.
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