Ways and Means Committee, Financial Services Committee
Introduced
In Committee
On Floor
Passed Chamber
Enacted
American Neighborhoods Protection Act of 2023 This bill imposes an excise tax, with certain exclusions, on individuals who own more than 75 single family homes. The amount of such tax is the product of $10,000 and the excess of the number of homes owned over 75. The bill establishes a Housing Trust Fund into which the excise tax amounts shall be deposited and used to provide grants for down payment assistance to families purchasing a home.
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Timeline
Introduced in House
Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Introduced in House
Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Taxation
American Neighborhoods Protection Act of 2023
USA118th CongressHR-6630| House
| Updated: 12/6/2023
American Neighborhoods Protection Act of 2023 This bill imposes an excise tax, with certain exclusions, on individuals who own more than 75 single family homes. The amount of such tax is the product of $10,000 and the excess of the number of homes owned over 75. The bill establishes a Housing Trust Fund into which the excise tax amounts shall be deposited and used to provide grants for down payment assistance to families purchasing a home.
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Introduced in House
Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.