Stop Predatory Investing Act

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [H.R. 9937 Introduced in House (IH)] <DOC> 118th CONGRESS 2d Session H. R. 9937 To amend the Internal Revenue Code of 1986 to deny interest and depreciation deductions for taxpayers owning 50 or more single family properties. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES October 4, 2024 Mrs. Sykes (for herself, Mr. Evans, and Ms. Velazquez) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to deny interest and depreciation deductions for taxpayers owning 50 or more single family properties. 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 ``Stop Predatory Investing Act''. SEC. 2. DISALLOWANCE OF INTEREST DEDUCTION FOR DISQUALIFIED SINGLE FAMILY PROPERTY OWNERS. (a) In General.--Section 163 of the Internal Revenue Code of 1986 is amended by redesignating subsection (n) as…