Search Results for keywords:"mortgage interest disallowance"

Search Results: keywords:"mortgage interest disallowance"

H. R. 1745 — To amend the Internal Revenue Code of 1986 to impose an excise tax on the failure of certain hedge funds owning excess single-family residences to dispose of such residences, and for other purposes.
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February 27, 2025
Status:Introduced in House
Congress:119
Words:2,791
H. R. 1745, also known as the “Humans over Private Equity for Homeownership Act” or the "HOPE for Homeownership Act," aims to discourage certain hedge funds from excessively owning single-family homes. It imposes an excise tax on hedge funds that don't sell off excess homes...
Simple Explanation
The "HOPE for Homeownership Act" wants to stop hedge funds from owning too many houses by charging them extra money if they don't start selling some, making it easier for regular people to buy homes.

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