Not adopted
This amendment was never taken up, and the bill finished without it. It was never voted on.
Its path through Congress
- Introduced
- Pending Consideration
- Failed
What this amendment would do
This amendment aims to add new homeownership provisions that target hedge fund taxpayers who acquire certain single-family residences.
Specifically, the amendment aims to change the law by adding:
- A 15 percent excise tax on the purchase price of any newly acquired single-family residence bought by a hedge fund taxpayer.
- A 5 percentage point increase to the corporate tax rate for applicable hedge fund taxpayer corporations.
- Disallowance of certain tax deductions for hedge fund taxpayers, including mortgage interest deductions, depreciation deductions, and qualified business income deductions related to single-family residences.
- 6/29/2025
- Senate amendment submitted
This bill has no cosponsors