3.0.0 3673 2025-01-14T18:20:21Z 2025-01-14T18:20:21Z Senate S S 2024-01-25 118 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Hearings By (full committee) 2024-03-12T18:24:57Z ssfi00 Finance Committee Senate Standing Referred To 2024-01-25T19:25:38Z 2024-03-12 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Committee on Banking, Housing, and Urban Affairs. Hearings held. Committee 2024-01-25 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S270) IntroReferral 2024-01-25 Introduced in Senate IntroReferral 10000 9 Library of Congress R000122 Sen. Reed, Jack [D-RI] John Reed D RI F. N S001203 Sen. Smith, Tina [D-MN] Tina Smith D MN 2024-01-25 True G000555 Sen. Gillibrand, Kirsten E. [D-NY] Kirsten Gillibrand D NY E. 2024-01-25 True B001277 Sen. Blumenthal, Richard [D-CT] Richard Blumenthal D CT 2024-01-25 True K000367 Sen. Klobuchar, Amy [D-MN] Amy Klobuchar D MN 2024-01-25 True F000479 Sen. Fetterman, John [D-PA] John Fetterman D PA K. 2024-01-25 True B001230 Sen. Baldwin, Tammy [D-WI] Tammy Baldwin D WI 2024-01-25 True W000802 Sen. Whitehouse, Sheldon [D-RI] Sheldon Whitehouse D RI 2024-08-01 False Taxation Government trust funds 2024-12-16T20:33:36Z Low- and moderate-income housing 2024-12-16T20:33:44Z Real estate business 2024-12-16T20:33:49Z Sales and excise taxes 2024-12-16T20:33:25Z Taxation 2024-02-15T16:00:41Z

00 2024-01-25 Introduced in Senate 2024-07-11T18:59:08Z <p><strong>Affordable Housing and Homeownership Protection Act of 2024</strong></p><p>This bill imposes an excise tax on a percentage of the price paid by certain investors for the purchase of single-family homes in a taxable year. The amount of the percentage, either 1%, 3%, or 5%, is based on the number of homes owned by an investor. The tax does not apply to new construction, unless such construction replaces an existing single-family home on the same site.&nbsp;</p><p>The bill requires the Department of the Treasury to allocate or transfer tax revenue generated by this bill to provide additional funding for the Housing Trust Fund and the Capital Magnet Fund.&nbsp;</p><p>The bill increases from $3 milltion to $7 million the minimum allocation of Housing Trust Funds amounts to states for low-income rental housing or home ownership.&nbsp;</p>

Display Title 45 2024-08-03T11:03:16Z Short Title(s) as Introduced 101 2024-05-24T13:34:27Z Introduced in Senate IS Official Title as Introduced 6 2024-02-17T09:08:17Z Introduced in Senate IS Introduced in Senate 2024-01-25T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118s3673is/xml/BILLS-118s3673is.xml 2024-03-12 Committee on Banking, Housing, and Urban Affairs. Hearings held. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.