A Republican bill with 1 Democratic cosponsor · See all 5 cosponsors
Last activity — Referred to the House Committee on Ways and Means.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
This bill, known as the "SHARE Act," proposes to amend the Internal Revenue Code of 1986. It aims to exclude certain proceeds from shared appreciation mortgage contracts from gross income. A shared appreciation mortgage is defined as a second lien on a residential property designed for one to four families. To qualify for the exclusion, the borrower's income must not exceed 140 percent of the area median income for their census tract. The bill also specifies rules regarding the mortgage amount, the share of appreciation, and repayment conditions.
Yes· 3 of 6
- Scored +6
Does this make housing cost less?
The bill facilitates shared appreciation mortgage contracts which can provide residential equity for homeowners.
- Scored +5
Would households on low incomes be better off under this?
The bill targets borrowers with incomes up to 140 percent of the area median income to benefit from tax exclusions.
- Scored +5
Would middle-income households be better off under this?
The bill provides tax relief on home equity appreciation for eligible residential borrowers.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Tax Exclusion for Borrowers: Under Section 2(a)(1), gross income would not include amounts received by a lender that exceed the original principal obligation of a shared appreciation mortgage. This applies if the borrower's income is within specific limits and the property is their principal residence.
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Protection for Income-Limited Homeowners: Section 2(a)(1)(A) limits the exclusion to borrowers whose income does not exceed 140 percent of the area median income for their specific census tract.
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Capital Asset Gain Exclusion: Section 2(a)(1)(2) provides that any gain from the disposition of assets composed of or secured by these specific mortgages would not be included in gross income.
Potential Negative Impacts for People
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Strict Eligibility Requirements: According to Section 2(b), a shared appreciation mortgage must meet several specific criteria to qualify, such as the mortgage amount not exceeding 49 percent of the purchase price and the requirement that the borrower makes no payments other than the one described in the contract.
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Repayment Limitations: Section 2(b)(5) dictates that repayment cannot occur before specific events, such as the sale of the property or the maturity of the first lien, which could impact the flexibility of the mortgage arrangement.
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Specific Property Constraints: Section 2(b)(1) requires that the mortgagee's share of the property's net appreciated value cannot exceed a specific quotient based on the mortgage amount and purchase price, which limits the potential upside for the lender.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Demographic And Interest Groups
- Would households on low incomes be better off under this? — The bill targets borrowers with incomes up to 140 percent of the area median income to benefit from tax exclusions. Would middle-income households be better off under this? — The bill provides tax relief on home equity appreciation for eligible residential borrowers.
- Economy And Finance
- Does this cut taxes for middle-income families? — The bill excludes certain mortgage appreciation proceeds from gross income for borrowers meeting specific income requirements. Does this cut the tax on profits from selling investments? — The bill excludes gains from the disposition of assets secured by these shared appreciation mortgages from gross income.
- Social Issues And Justice
- Does this make housing cost less? — The bill facilitates shared appreciation mortgage contracts which can provide residential equity for homeowners. Is this likely to lift people out of poverty? — The tax exclusion helps middle-to-lower income homeowners retain more equity in their principal residences.
- 6/23/2026
- 1 Cosponsor added.
- 6/3/2026
- 1 Cosponsor added.
- 5/12/2026
- 1 Cosponsor added.
- 3/26/2026
- Referred to the House Committee on Ways and Means.
- 2 Cosponsors added.
- Introduced in House
Andy BarrRepublican · Kentucky
Aaron BeanRepublican · Florida
Pat HarriganRepublican · North Carolina
Tim MooreRepublican · North Carolina
Jimmy PanettaDemocrat · California