| Bill | HR 6630 |
|---|---|
| Type of Legislation | House Bill |
| Congress | 118 |
| Status | Archived — 118th Congress concluded |
| Source | View original on Congress.gov |
Geographic Scope
National
Description
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.
Bill Title
American Neighborhoods Protection Act of 2023
Linked Goals
Steps
- 2023-12-06: 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.
- 2023-12-06: 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.
- 2023-12-06: Introduced in House
- 2023-12-06: Introduced in House
Projected Outcome
A more informed proposal or public response aligned with the Promote General Welfare goal.