Search Results for keywords:"single-family residences"

Search Results: keywords:"single-family residences"

H. R. 6630 — To prohibit individuals and entities from owning more than 75 single-family residences, and for other purposes.
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December 06, 2023
Status:Introduced in House
Congress:118
Words:1,572
H.R. 6630, also known as the "American Neighborhoods Protection Act of 2023," aims to limit the ownership of single-family residences by any individual or entity to no more than 75 of such properties. It introduces an excise tax of $10,000 for each residence owned beyond this limit, with...
Simple Explanation
This bill says people or companies can own up to 75 houses, but if they own more, they have to pay a big fee for each extra house. This fee will be used to help families buy their first home.
H. R. 6608 — 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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December 05, 2023
Status:Introduced in House
Congress:118
Words:3,112
H.R. 6608, known as the “End Hedge Fund Control of American Homes Act,” seeks to amend the Internal Revenue Code of 1986 to impose excise taxes on hedge funds that do not sell excessive single-family residences they own. The bill introduces a tax on the acquisition of single-family residences...
Simple Explanation
H.R. 6608 is a bill that wants big companies, like hedge funds, to sell off some of the houses they own so more families can buy them. If they don't sell these houses, they have to pay a big tax, and this tax money will help families buy homes by giving them extra money for things like the down payment.

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