HR 4352
HOMES Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 13, 2026, 4:12 PM
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The HOMES Act aims to limit tax deductions for wealthy property owners who own a large number of rental properties. Specifically, it prohibits taxpayers who own 50 or more single-family residential rental properties from deducting interest paid on those properties or claiming depreciation deductions. However, the bill includes exceptions for properties receiving the Low-Income Housing Tax Credit (LIHTC) and sales to certain qualified buyers like individuals purchasing a primary residence, non-profit housing organizations, community development groups, and land banks. The legislation also addresses carrying charges and depreciation deductions, aligning them with the restrictions on interest deductions.
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