American Neighborhoods Protection Act of 2025

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 3745 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 3745 To prohibit individuals and entities from owning more than 75 single- family residences, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES June 5, 2025 Ms. Adams (for herself, Mrs. McIver, Mr. Fields, and Mr. Thompson of Mississippi) introduced the following bill; which was 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 _______________________________________________________________________ A BILL To prohibit individuals and entities from owning more than 75 single- family residences, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``American Neighborhoods Protection Act of 2025''. SEC. 2. EXCISE TAX ON CERTAIN TAXPAYERS FAILING TO SELL EXCESS SINGLE- FAMILY RESIDENCES. (a) In General.--Subtitle D of the Internal Revenue Code of 1986 is amended by adding at the end the following new chapter: ``CHAPTER 50B--EXCESS SINGLE-FAMILY RESIDENCES ``Sec. 5000E. Excess single-family residences. ``SEC. 5000E. EXCESS SINGLE-FAMILY RESIDENCES. ``(a) In General.--There is hereby imposed on each covered taxpayer for each taxable year a tax in an amount equal to the product of-- ``(1) $10,000, and ``(2) the excess of-- ``(A) the number of single-family residences owned by the taxpayer as of the last day of the taxable year, over ``(B) 75. ``(b) Covered Taxpayer.--For purposes of this section-- ``(1) In general.--The term `covered taxpayer' means a taxpayer that is not-- ``(A) a mortgage not