The Stop Wall Street Landlords Act of 2026 aims to limit tax deductions for large investors owning single-family homes, impose a tax on their sales.
The Stop Wall Street Landlords Act of 2026 amends the Internal Revenue Code to disallow deductions for mortgage interest and depreciation on single-family homes owned by large investors. It imposes an excise tax on the sale of such homes by these investors and prohibits federal mortgage assistance for them. The act defines a "specified large investor" as any person with assets exceeding $100 million. Funds collected from the tax will be deposited into the Housing Trust Fund to support affordable rental housing for low-income families.
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