Housing Opportunities and Preservation Enhancement Act of 2026 provides tax incentives for certain residential rental properties.
The Housing Opportunities and Preservation Enhancement Act of 2026 amends the Internal Revenue Code to provide tax incentives for certain residential rental properties. It defines "qualified property" as residential rental property that meets specific criteria, including being rent-restricted and occupied by low-income individuals. The bill exempts the residential rental of qualified property from passive activity rules and profit motive requirements. It also provides for accelerated depreciation, exemption from certain basis adjustment rules, and special rules for rights of first refusal.
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