Home Advantage for American Families Act

Summary

Home Advantage for American Families Act This bill requires any foreign person involved in a transaction related to the sale of residential property located in any of the 15 largest metropolitan statistical areas by population to report to the Department of the Treasury information for identifying the person purchasing the property, the amount and source of the funds received by the seller, the date and nature of the transaction, and other information deemed necessary. The bill also increases (1) from 15% to 30% the rate of withholding on sales proceeds of certain residential real property, and (2) the low-income housing tax credit state ceiling.

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Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 11 March 2021

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 11 March 2021

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 11 March 2021

  Open at official source

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