HR 6630 · 118th Congress · Taxation

American Neighborhoods Protection Act of 2023

Introduced 2023-12-06· Sponsored by Rep. Jackson, Jeff [D-NC-14]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
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Senate
5
Enacted
Latest: 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)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Democrat
Rep. Adams, Alma S. [D-NC-12]NC