S. 969 · Where this bill is now
In committee
Introduced in the Senate, Mar 11, 2025
What this bill does
In plain words · AI-written from the official summaryLimits tax breaks for large rental property owners
This bill would prevent landlords who own 50 or more single-family rental homes from deducting interest and depreciation costs on their taxes. There are some exceptions: they could still claim these deductions for low-income housing, newly built properties, or when they sell a property to someone buying it as a home, a nonprofit, or a public housing agency.
How it affects you
If you're a landlord with a large portfolio of single-family rentals, you'd lose certain tax deductions that currently lower your tax bill. Renters in the housing market might be affected if this changes how investors buy and manage rental properties, though the summary doesn't detail those potential effects.
Read the official summary (Introduced in Senate, Mar 11, 2025)
Stop Predatory Investing Act
This bill prohibits a taxpayer who owns (directly or indirectly) 50 or more single-family residential rental properties (disqualified single-family property owner) from claiming a federal tax deduction for interest paid (or accrued) in connection with such properties or a federal tax deduction for depreciation in connection with such properties.
The bill generally defines a single-family residential rental property as any residential rental property containing four or fewer dwelling units and improvements to real property related to such dwelling units.
However, under the bill, a disqualified single-family property owner may still claim a tax deduction for interest and depreciation on (1) single-family residential rental property for which the low-income housing tax credit (LIHTC) may be claimed and (2) certain newly constructed single-family residential rental properties. (The LIHTC program awards tax credits for newly-constructed or substantially rehabilitated low-income housing.)
The bill also allows a disqualified single-family property owner to claim a federal tax deduction for interest or depreciation in connection with a single-family residential rental property in the year such property is sold if it is sold to
• an individual for use as a principal residence;
• a non-profit organization that creates, develops, or preserves affordable housing;
• certain community development organizations;
• a land bank;
• any resident-owned cooperative or community land trust; or
• a public housing agency subsidiary.
Written by AI (Claude) using only the official summary by the Congressional Research Service, the Library of Congress’s nonpartisan research staff. It can miss nuance, so check the official summary and the bill text for details.
1st SessionS. 969
A BILL
Stop Predatory Investing Act
Sponsor: Sen. Raphael G. Warnock (D-GA) · Introduced Mar 11, 2025 · Taxation · 1 version of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Mar 11, 2025: “Read twice and referred to the Committee on Finance.”