Bill gives big tax breaks to rental housing companies.

What it does

The bill lets companies and investors deduct money from taxes. They can deduct up to $150,000 per apartment unit in the first year. Units marked as affordable allow a $250,000 deduction instead. The deduction goes away if the building stops being rental housing within 10 to 15 years. Normal tax deductions for wear and tear still apply.

Who it affects

Real estate investment firms get the tax breaks. Institutional landlords and wealthy investors in rental properties get them too. Renters do not get lower rents from this bill.

One thing to notice

The bill does not require affordable units to stay affordable after 15 years. It does not require lower rents or tenant protections.

From the analysis of the bill text, linked under Primary records below.

Where it stands

5 cosponsors: 3 Republicans, 2 Democrats.

• May 21, 2026 — Introduced · Congress.gov: “Introduced in House”
• May 21, 2026 — Referred to House Committee on Ways and Means · Congress.gov: “Referred to the House Committee on Ways and Means”

Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.

Money around this bill

3 groups reported lobbying about this bill. They filed 3 reports from Jun 2026 to Jun 2026.

Those reports show $2,391,000 in lobbying spending. Each report lists about 9 bills. So that money was not all for this bill.

More groups named this bill than 61% of bills with any report.

Linda Sánchez, who sponsored the bill, received $1,230,399 from PACs for the 2026 election.

• National Multifamily Housing Council Inc — $2,330,000 in 1 report
• Transportation Communications National Union/iam (fka Transportation Communicati — $34,000 in 1 report
• Galveston Wharves — $27,000 in 1 report

Lobbying is legal. These reports show who lobbied about this bill, not what changed.

Words to know

• deduct — Subtract an amount of money from taxes owed.
• institutional landlords — Large companies or investment groups that own many rental properties.
• affordable — Priced low enough for people with modest incomes to rent.
• rental housing — Buildings or units that people pay to live in.
• lobbying — Trying to influence lawmakers about a bill. Companies and groups pay people to do this.
• PACs — Groups that collect money and give it to candidates for office.