Skip to main content
HR 8582 117th Congress House Taxation

To amend the Internal Revenue Code of 1986 to impose an excise tax on the acquisition of single-family homes by certain large investors.

Introduced: August 26, 2022 Introduced by: Smith, Adam Democratic · Washington See on congress.gov
Sign in to write a letter Sign in to watch
This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 28, 2022
Introduced in House
Jul 28, 2022
Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Plain-English summary Congressional Research Service

This bill imposes a 100% excise tax on the purchase of a single-family home by a specified large investor (i.e., any person, other than a tax-exempt charitable organization or a governmental entity, with assets having a fair market value exceeding $20 million). The tax does not apply if the home is used as the principal residence of the investor or the sale to the investor is pursuant to a governmental program for providing housing to low-income individuals.

What's happening now July 28, 2022

Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 6
All 6 Democratic 5
D
Castor, Kathy
Florida · Nov 3, 2022
 D
Levin, Mike
California · Nov 3, 2022
 D
Gallego, Ruben
Arizona · Sep 13, 2022
Bowman, Jamaal
· Aug 26, 2022
 D
Khanna, Ro
California · Aug 26, 2022
 D
Schakowsky, Janice D.
Illinois · Aug 26, 2022
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 8582: To amend the Internal Revenue Code of 1986 to impose an excise tax on the acquisition of single-family homes by certain large investors.. 117th Congress. Open America. https://openamerica.io/bill/117-HR-8582/
MLA
"H.R. 8582: To amend the Internal Revenue Code of 1986 to impose an excise tax on the acquisition of single-family homes by certain large investors.." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-8582/.
Bluebook (legal)
H.R. 8582, 117th Cong. (2026), https://openamerica.io/bill/117-HR-8582/.
Markdown link
[H.R. 8582: To amend the Internal Revenue Code of 1986 to impose an excise tax on the acquisition of single-family homes by certain large investors.](https://openamerica.io/bill/117-HR-8582/)
Report a problem