HR9870Referred to Committee

To amend the Internal Revenue Code of 1986 to allow for nonrecognition of gain on real property sold for use as affordable housing.

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-07-22
Introduced
1
Cosponsors
HR
ⓘ
Type

Sponsor

Scott H. Peters
Scott H. Peters
Democrat · CA · Representative
Votes with party: 95.6% (632 recorded votes)

Full profile: /officials/P000608

Source: Congress.gov · FEC

Cosponsors (1)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Referred to the House Committee on Ways and Means.

2026-07-22

Source: Congress.gov

Committee Activity

Currently in

Plain-English Summary

Property owners who sell land or buildings to be converted into affordable housing would be able to avoid paying taxes on the profits they make from the sale. This tax break would apply to real estate transactions where the buyer intends to use the property for affordable housing purposes, potentially encouraging more property owners to sell to affordable housing developers. The change would affect real estate investors, property owners, and affordable housing organizations.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

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