To amend the Internal Revenue Code of 1986 to disallow the deduction of certain expenses relating to ownership of single-family homes by specified large investors, to impose an excise tax on the sale of such homes by such investors, to establish the neighborhood homes tax credit, and to prohibit Federal mortgage assistance relating to certain large investors.
Committees
House Financial Services Committee
Bill Summary
Summary not yet available.
To amend the Internal Revenue Code of 1986 to disallow the deduction of certain expenses relating to ownership of single-family homes by specified large investors, to impose an excise tax on the sale of such homes by such investors, to establish the neighborhood homes tax credit, and to prohibit Federal mortgage assistance relating to certain large investors.