The SHARE Act excludes from gross income certain proceeds of shared appreciation mortgage contracts.
The SHARE Act amends the Internal Revenue Code to exclude from gross income certain proceeds of shared appreciation mortgage contracts. These contracts involve a second lien on a property, where the mortgagee shares in a predetermined percentage of the property's net appreciated value. The exclusion applies to amounts received after December 31, 2025, and is subject to conditions such as the borrower's income not exceeding 140 percent of the area median income.
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