Stop Predatory Investing Act
USA118th CongressS-2224| Senate
| Updated: 4/18/2024
Sherrod Brown
Democratic Senator
Ohio
Cosponsors (12)
Jack Reed (Democratic)Elizabeth Warren (Democratic)Amy Klobuchar (Democratic)Sheldon Whitehouse (Democratic)John Fetterman (Democratic)Tina Smith (Democratic)Bernard Sanders (Independent)Tammy Baldwin (Democratic)Peter Welch (Democratic)Jeff Merkley (Democratic)Ron Wyden (Democratic)Richard Blumenthal (Democratic)
Finance Committee, Banking, Housing, and Urban Affairs Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance.
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Taxation
Income tax deductionsInterest, dividends, interest ratesReal estate businessState and local government operations
Stop Predatory Investing Act
USA118th CongressS-2224| Senate
| Updated: 4/18/2024
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.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance.
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Sherrod Brown
Democratic Senator
Ohio
Cosponsors (12)
Jack Reed (Democratic)Elizabeth Warren (Democratic)Amy Klobuchar (Democratic)Sheldon Whitehouse (Democratic)John Fetterman (Democratic)Tina Smith (Democratic)Bernard Sanders (Independent)Tammy Baldwin (Democratic)Peter Welch (Democratic)Jeff Merkley (Democratic)Ron Wyden (Democratic)Richard Blumenthal (Democratic)
Finance Committee, Banking, Housing, and Urban Affairs Committee
Taxation
Related Bills
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Income tax deductionsInterest, dividends, interest ratesReal estate businessState and local government operations