Congress would block two big tax write-offs for people or companies that own 50 or more single-family rental homes: interest costs and depreciation.
The interest deduction would be denied for loans tied to those rental homes, starting with new debt taken on after the law is enacted.
The depreciation deduction would also be denied for those rental homes, starting with homes put into service after the law is enacted.
There’s a carve-out when the owner sells a home to a person who will live in it as their main home, or sells to certain nonprofits focused on affordable housing.
The bill tries to stop large investors from splitting into multiple businesses to dodge the 50-home threshold by treating related owners as one taxpayer.】【”】【initial_importance_score”:72,
TaxesHousingConsumer Protection
Impact Analysis
Personal Impact
How this policy affects specific groups of people
Negative Impacts(2)
Small Business Owner
Hurts
Retiree
Hurts
Mixed Impacts(3)
Housing Assistance
Neutral
Renter
Neutral
Homeowner
Neutral
Milestones
2 milestones2 actions
Mar 11, 2025Senate
Read twice and referred to the Committee on Finance.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Mar 11, 2025
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
News
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Democrats counter Trump's proposal to limit institutional housing investors
No votes or related bills recorded for this bill yet.
Source Information
Document Type
Congressional Bill
Official Title
Stop Predatory Investing Act
Bill NumberS 969
Congress119th Congress
ChamberSenate
Latest ActionRead twice and referred to the Committee on Finance.
