What does Preamble of Rental Housing Investment Act do?

This bill aims to amend the Internal Revenue Code of 1986 The amendment provides bonus depreciation for long-term residential rental housing

What does SHORT TITLE. of Rental Housing Investment Act do?

This bill is formally titled the Rental Housing Investment Act.

What does TAX INCENTIVES FOR LONG-TERM RESIDENTIAL RENTAL HOUSING. of Rental Housing Investment Act do?

This section amends the Internal Revenue Code of 1986 to provide a special depreciation allowance for long-term residential rental property. The allowance is equal to the lesser of $150,000 per dwelling unit or 100% of the adjusted basis of the property. The property must have at least 2 dwelling units, be used as residential rental property, and be designated by the taxpayer in an election. The amendments apply to property placed in service after the date that is 12 months after the enactment of this Act. An additional amount for affordable housing is available if the property meets certain requirements, with a higher allowance of $250,000 per dwelling unit.

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Rental Housing Investment Act

Last updated: 3/12/2026 · Introduced: 3/12/2026

Author: Lisa Blunt Rochester (D-DE)

TL;DR (AI)

This bill allows for bonus depreciation of up to $150,000 per dwelling unit for long-term residential rental property, or 100% of the adjusted basis, whichever is lower.
Properties qualifying as affordable housing may receive an increased depreciation allowance of up to $250,000 per dwelling unit.
The tax incentives apply to residential rental property with at least two dwelling units placed in service more than 12 months after the bill's enactment.

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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