SHARE Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 8116 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 8116 To amend the Internal Revenue Code of 1986 to exclude from gross income certain proceeds of shared appreciation mortgage contracts. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES March 26, 2026 Mr. Moore of Utah (for himself, Mr. Panetta, and Mr. Barr) 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 exclude from gross income certain proceeds of shared appreciation mortgage contracts. 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 ``Shared Home Appreciation for Residential Equity Act'' or the ``SHARE Act''. SEC. 2. EXCLUSION OF CERTAIN PROCEEDS OF A SHARED APPRECIATION MORTGAGE CONTRACT. (a) In General.--Part III of subchapter B of chapter 1 of the Internal Revenue Code of 1986 is amende…