What does Preamble of SHARE Act do?

This bill aims to amend the Internal Revenue Code of 1986 The amendment excludes certain proceeds of shared appreciation mortgage contracts from gross income

What does SHORT TITLE. of SHARE Act do?

This bill is formally titled the Shared Home Appreciation for Residential Equity Act.

What does EXCLUSION OF CERTAIN PROCEEDS OF A SHARED APPRECIATION MORTGAGE of SHARE Act do?

This section amends the Internal Revenue Code of 1986 to exclude certain proceeds from shared appreciation mortgages from gross income. Specifically, it establishes a new section 139J to define and clarify these exclusions. The exclusion applies if the borrower's income did not exceed 140 percent of the area median income and the property was the borrower's principal residence. A 'shared appreciation mortgage' is defined as a second lien mortgage that shares in a predetermined percentage of the property's net appreciated value, subject to specific limitations and requirements. These requirements include a cap on the mortgage amount (49% of the purchase price), subordination to a qualified mortgage, and restrictions on repayment timing. The amendments apply to amounts received after December 31, 2025.

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SHARE Act

Last updated: 3/26/2026 · Introduced: 3/26/2026

Author: Blake Moore (R-UT)

TL;DR (AI)

The bill excludes certain proceeds of shared appreciation mortgage contracts from gross income, provided the borrower's income does not exceed 140 percent of the area median income and the property is their principal residence.
A new section is established in the Internal Revenue Code of 1986 to define and clarify the exclusions for shared appreciation mortgages, which are second lien mortgages that share in a predetermined percentage of the property's net appreciated value.
The exclusion applies to amounts received after December 31, 2025, and is subject to specific requirements, including a cap on the mortgage amount and subordination to a qualified mortgage.

119th Congressin committeeOfficial page

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Other Sections

Includes provisions on preamble, short title., and 1 more.

3 sections

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