Rental Housing Investment Act
To amend the Internal Revenue Code of 1986 to provide bonus depreciation for long-term residential rental housing.
HB8996, also known as the Rental Housing Investment Act, aims to change the tax code to allow for a special deduction for long-term residential rental housing investments. This means property owners who invest in rental properties could get a larger tax break in the year they make the investment.
This bill would mainly affect property owners, real estate developers, and investors in residential rental properties. By offering a bonus depreciation, the bill intends to encourage more investment in rental housing, potentially leading to more available rental units and lower rents over time.
As of May 21, 2026, the bill has been introduced and referred to the House Committee on Ways and Means for further review. It is currently in the initial stages of the legislative process.
