S 2224
118th Congress
Senate
Taxation
Income tax deductions
Interest, dividends, interest rates
Real estate business
State and local government operations
Stop Predatory Investing Act
Introduced: July 11, 2023
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 18, 2024
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 118-712.
Jul 11, 2023
Read twice and referred to the Committee on Finance.
Jul 11, 2023
Introduced in Senate
Plain-English summary
Stop Predatory Investing Act
This bill denies taxpayers owning 50 or more single family properties any tax deduction for interest paid or accrued in connection with any single family residential rental property. It also disallows depreciation of residential rental property owned by such taxpayers.
What's happening now
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 118-712.
Committees of jurisdiction
2