HB1135Introduced in the House
Investor ownership of single family residences.
Introduced by Earl Harris, District 2
What does this bill do?
Plain-English breakdown
Writing a plain-English summary of this bill… this can take a few seconds the first time.
Official description
Investor ownership of single family residences. Establishes the housing down payment assistance fund. Establishes a transfer tax equal to 50% of the fair market value of a single family residence for each single family residence acquired by an applicable taxpayer after the applicable date. Establishes a maximum number of single family residences that may be owned by an applicable taxpayer after the applicable date for purposes of calculating an annual excise tax on any excess single family residences.
Where it stands
First reading: referred to Committee on Ways and Means
January 5, 2026
How did lawmakers vote?
No recorded vote is available for this bill yet.
Bill history
Authored by Representative Harris
First reading: referred to Committee on Ways and Means
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