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, and to prohibit Federal mortgage assistance relating to certain large investors.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, 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, and to prohibit Federal mortgage assistance relating to certain large investors., changes federal law or congressional policy affecting homeowners, renters, builders, and housing agencies. The main policy domain is Housing, Finance, Government Operations.
Who Benefits and How
homeowners, renters, builders, and housing agencies may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, homeowners, renters, builders, and housing agencies may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H26550A2BE1494BEFB7A7D82AEA5AC473: 1. Short title This Act may be cited as the Stop Wall Street Landlords Act of 2024.
- Section HA4D8B7855E594F539740D96CBB11FD94: 2. Disallowance of deduction of certain expenses related to single-family homes held by specified large investors Part IX of subchapter B of Chapter 1 of...
- Section HDFBFFD3B23CC489CADE7E8D5AB336307: 280I. Certain expenses related to single-family homes held by specified large investors In the case of a specified large investor, no deduction shall be...
- Section H84EB99FB12234C77BC0E1E45A8EFE7F6: 3. Excise tax on transfers of single-family homes by specified large investors Subchapter C of chapter 36 of subtitle D of the Internal Revenue Code of 1986 is...
- Section H825B9548B3FE4018951C94644C43FCA0: 4471. Tax on transfers of single-family homes by specified large investors There is hereby imposed a tax on the sale or transfer of a single-family home by a...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, 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, and to prohibit Federal mortgage assistance relating to certain large investors., changes federal law or congressional policy affecting homeowners, renters, builders, and housing agencies.
Key Policy Areas
Housing, Finance, Government Operations
Primary Purpose
This bill, 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, and to prohibit Federal mortgage assistance relating to certain large investors., changes federal law or congressional policy affecting homeowners, renters, builders, and housing agencies.
Policy Domains
Whole bill
Identified Gains
- homeowners, renters, builders, and housing agencies
Identified Costs
- federal implementing agencies
- homeowners, renters, builders, and housing agencies
Sponsors
Legislative Progress
IntroducedMr. Khanna (for himself, Ms. Porter, Mr. Takano, Mr. Grijalva, …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_secretary"
- → The Secretary identified in the operative section
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
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