[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"current-user-roles":3,"user-subscription":3,"bill:119-hr-4352":4},null,{"bill":5,"indexable":153,"summaries":154,"cosponsors":160,"cosponsorSlugs":166,"actions":168,"amendments":186,"amendmentSponsorSlugs":187,"linkages":188,"sponsorSlug":189},{"statusDate":6,"sponsor":7,"updateDate":16,"cboCostEstimates":17,"originChamber":18,"congress":19,"isByRequest":20,"title":21,"committeeReports":22,"cosponsorCount":23,"onBehalfOfSponsor":3,"adminOverride":3,"amendmentCount":24,"actionCount":25,"popularTitle":3,"laws":3,"billType":26,"subjects":27,"introducedDate":6,"committees":28,"congressGovUrl":29,"constitutionalAuthority":30,"policyArea":31,"deletedAt":3,"latestAction":32,"billNumber":34,"cosponsorCountIncludingWithdrawn":23,"status":35,"createdAt":36,"shortTitle":21,"officialTitle":37,"keyMilestoneCount":38,"updatedAt":39,"policyAreaLower":40,"searchTokens":41,"committeeCodes":152},"2025-07-10",{"firstName":8,"lastName":9,"district":10,"fullName":11,"middleName":12,"state":13,"party":14,"bioguideId":15},"Emilia","Sykes","13","Rep. Sykes, Emilia Strong [D-OH-13]","Strong","OH","D","S001223","2026-01-26T15:16:10Z",[],"House",119,false,"HOMES Act",[],1,0,3,"hr",[],[],"https:\u002F\u002Fwww.congress.gov\u002Fbill\u002F119th-congress\u002Fhouse-bill\u002F4352","\u003Cpre>\n[Congressional Record Volume 171, Number 119 (Thursday, July 10, 2025)]\n[House]\nFrom the Congressional Record Online through the Government Publishing Office [\u003Ca href=\"https:\u002F\u002Fwww.gpo.gov\">www.gpo.gov\u003C\u002Fa>]\nBy Mrs. SYKES:\nH.R. 4352.\nCongress has the power to enact this legislation pursuant\nto the following:\nArticle 1, Section 8, Clause 18\n[Page H3201]\n\u003C\u002Fpre>","Taxation",{"date":6,"text":33},"Referred to the House Committee on Ways and Means.",4352,"in_committee","2026-05-13T20:37:00.673Z","To amend the Internal Revenue Code of 1986 to deny interest and depreciation deductions for taxpayers owning 50 or more single family properties.",2,"2026-05-22T23:50:41.528Z","taxation",[42,43,44,45,46,47,48,49,50,51,52,53,54,55,56,57,58,59,60,61,62,63,64,65,66,67,68,69,70,71,72,73,74,75,76,77,78,79,80,81,82,83,84,85,86,87,88,89,90,91,92,93,94,95,96,97,98,99,100,101,102,103,104,105,106,107,108,109,110,111,112,113,114,115,116,117,118,119,120,121,122,123,124,125,126,127,128,129,130,131,132,133,134,135,136,137,138,139,140,141,142,143,144,145,146,147,148,149,150,151,10],"homes","ho","hom","home","act","to","amend","am","ame","amen","the","internal","in","int","inte","inter","intern","interna","revenue","re","rev","reve","reven","revenu","code","co","cod","of","1986","19","198","deny","de","den","interest","intere","interes","and","depreciation","dep","depr","depre","deprec","depreci","deprecia","depreciat","depreciati","depreciatio","deductions","ded","dedu","deduc","deduct","deducti","deductio","deduction","for","taxpayers","ta","tax","taxp","taxpa","taxpay","taxpaye","taxpayer","owning","ow","own","owni","ownin","50","or","more","mo","mor","single","si","sin","sing","singl","family","fa","fam","fami","famil","properties","pr","pro","prop","prope","proper","propert","properti","propertie","rep","sykes","sy","syk","syke","emilia","em","emi","emil","emili","strong","st","str","stro","stron","oh",[],true,[155],{"versionCode":156,"actionDate":6,"actionDesc":157,"text":158,"updateDate":159},"00","Introduced in House","\u003Cp>\u003Cstrong>Houses Over Middle-Class Exploitation Schemes Act or the HOMES Act \u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>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.\u003C\u002Fp>\u003Cp>The bill generally defines a \u003Cem>single-family residential rental property\u003C\u002Fem> as any residential rental property containing four or fewer dwelling units and improvements to real property related to such dwelling units.\u003C\u002Fp>\u003Cp>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.)\u003C\u002Fp>\u003Cp>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\u003C\u002Fp>\u003Cul>\u003Cli>an individual for use as a principal residence;\u003C\u002Fli>\u003Cli>a non-profit organization that creates, develops, or preserves affordable housing;\u003C\u002Fli>\u003Cli>certain community development organizations;\u003C\u002Fli>\u003Cli>a land bank;\u003C\u002Fli>\u003Cli>any resident-owned cooperative or community land trust; or\u003C\u002Fli>\u003Cli>a public housing agency subsidiary.\u003C\u002Fli>\u003C\u002Ful>","2026-01-26T15:13:26Z",[161],{"bioguideId":162,"fullName":163,"party":14,"state":164,"district":165,"sponsorshipDate":6,"isOriginalCosponsor":153,"withdrawn":20,"sponsorshipWithdrawnDate":3},"L000602","Rep. Lee, Summer L. [D-PA-12]","PA","12",{"L000602":167},"summer-l-lee",[169,178,183],{"actionDate":6,"actionDateTime":3,"text":33,"type":170,"actionCode":171,"sourceSystem":172,"committees":174,"recordedVotes":3,"calendarNumber":3,"sequenceIndex":24,"isKeyMilestone":20},"IntroReferral","H11100",{"code":38,"name":173},"House floor actions",[175],{"name":176,"systemCode":177},"Ways and Means Committee","hswm00",{"actionDate":6,"actionDateTime":3,"text":157,"type":170,"actionCode":179,"sourceSystem":180,"committees":3,"recordedVotes":3,"calendarNumber":3,"sequenceIndex":23,"isKeyMilestone":153},"Intro-H",{"code":181,"name":182},9,"Library of Congress",{"actionDate":6,"actionDateTime":3,"text":157,"type":170,"actionCode":184,"sourceSystem":185,"committees":3,"recordedVotes":3,"calendarNumber":3,"sequenceIndex":38,"isKeyMilestone":153},"1000",{"code":181,"name":182},[],{},[],"emilia-strong-sykes"]