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HR 6630 United States House · 118th Congress

American Neighborhoods Protection Act of 2023

Summary
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.
Issues: ✓ Budget & TaxesSupports Budget & TaxesImposes excise tax on wealthy property owners to fund housing down payment grants, creating new revenue for public housing assistance.95% confidence ✓ HousingSupports HousingBill taxes large property owners to fund a Housing Trust Fund providing down payment grants, directly advancing affordable housing access through financial assistance.95% confidence
Sub-Topics: Procurement Sales Tax Homeownership Affordable Housing Housing Finance
Bill status in committee 1 of 4 stages cleared
Introduction
Dec 2023
Committee Review
Floor Vote
President
Introduced Dec 6, 2023 Last action Dec 6, 2023
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
Dec 6, 2023
Committee
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.
lower
Dec 6, 2023
Introduced
Introduced in House
lower
1 primary · 1 co-sponsor

Sponsors

Role
Legislator
Party
State
District
P
Photo of Jeff Jackson
Jeff Jackson
DDemocratic
NC
14
Co
Photo of Alma S. Adams
Alma S. Adams
DDemocratic
NC
12