"Stop Predatory Investing Act of 2026"; deny tax deductions for large institutional real estate investors.

SB 2870, the "Stop Predatory Investing Act of 2026," denies tax deductions for interest and depreciation on single-family rental properties owned by large institutional investors who hold 50 or more such homes. It directly affects major investors like pension funds, insurance companies, and real estate investment trusts (REITs) that invest over $1 million annually. The law, effective for tax years beginning in 2026, prohibits these deductions unless properties are sold to individual homebuyers for primary residences or to qualified nonprofit organizations focused on affordable housing. Exceptions also apply to properties newly constructed by the investor. This aims to limit large-scale institutional ownership of single-family rentals in Mississippi.