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- H.R.8582
H.R.8582: To amend the Internal Revenue Code of 1986 to impose an excise tax on the acquisition of single-family homes by certain large investors.
About This Bill
- Introduced July 28, 2022
- Latest Major Action July 28, 2022
Bill Sponsor
Bill Cosponsors
8 (All Democrats)
Bill Version
- Introduced in House - July 28, 2022
Bill Summary
This bill imposes a 100% excise tax on the purchase of a single-family home by a specified large investor (i.e., any person, other than a tax-exempt charitable organization or a governmental entity, with assets having a fair market value exceeding $20 million). The tax does not apply if the home is used as the principal residence of the investor or the sale to the investor is pursuant to a governmental program for providing housing to...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| July 28, 2022 |
Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
|
| July 28, 2022 |
Introduced in the House by Adam Smith (D-Wash.) |