Housing Opportunities and Preservation Enhancement Act of 2026
To amend the Internal Revenue Code of 1986 to provide incentives for certain residential rental property.
This bill, HB9573, aims to change the Internal Revenue Code of 1986 to offer incentives for certain residential rental properties. These incentives could make it more attractive for individuals and businesses to invest in rental housing by potentially reducing their tax burden or increasing their tax benefits.
The changes would primarily affect property owners, landlords, and tenants, by possibly reducing the cost of owning rental properties or increasing the availability of rental units. This could lead to more affordable housing options and potentially lower rental rates for tenants.
As of July 2, 2026, HB9573 was introduced in the House and referred to the House Committee on Ways and Means. This is the first step in the legislative process, where the bill will be reviewed and possibly revised before moving forward for a vote.
