To amend the Internal Revenue Code of 1986 to deny interest and depreciation deductions for taxpayers owning 50 or more single family properties.
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 deny interest and depreciation deductions for taxpayers owning 50 or more single family properties., changes federal law or congressional policy affecting homeowners, renters, builders, and housing agencies. The main policy domain is Housing, Finance, Veterans Affairs.
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 H6EEECEE260344FF1BAD3FAFF7D250E48: 1. Short title This Act may be cited as the Stop Predatory Investing Act.
- Section HF849CC5DB3344640A73F918513D95852: 2. Disallowance of interest deduction for disqualified single family property owners Section 163 of the Internal Revenue Code of 1986 is amended by...
- Section HB389964A2B2F4A09A4C0D63E14594E10: 3. Disallowance of depreciation in connection with property used by disqualified single family property owners Section 167 of the Internal Revenue Code of 1986...
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 deny interest and depreciation deductions for taxpayers owning 50 or more single family properties., changes federal law or congressional policy affecting homeowners, renters, builders, and housing agencies.
Key Policy Areas
Housing, Finance, Veterans Affairs
Primary Purpose
This bill, To amend the Internal Revenue Code of 1986 to deny interest and depreciation deductions for taxpayers owning 50 or more single family properties., 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
IntroducedMrs. Sykes (for herself, Mr. Evans, and Ms. Velázquez) introduced …
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
Key Definitions
Terms defined in this bill
a nonprofit organization or State or local government or instrumentality that— use a ground lease or deed covenant with an affordability period of at least 30 years or more to— make rental and homeownership units affordable to households
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.
Learn more about our methodology