United States 119th Congress Status: In Committee Bipartisan · 3 D · 2 R cosponsors

HR 8996 — Rental Housing Investment Act

Last action — Referred to the House Committee on Ways and Means.

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the House. Introduced May 21, 2026. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the House.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

Upgrade to see the exact probability and what's driving it.

A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Advancing 40% · moderate confidence

  • In Committee

    Current position in the legislative process.

  • 5 sponsors

    1 primary, 4 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (3 D · 2 R) — cross-party backing.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

In plain language

This bill aims to promote investment in rental housing.

The Rental Housing Investment Act seeks to encourage investment in the rental housing sector. It includes provisions designed to enhance opportunities for housing development and improvement.

What this means for you
  • Small Business: This means more opportunities for small businesses involved in construction and property management due to increased rental housing development.

Bill Text

How this bill changes current law

5 changes Share ↗

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

The bill introduces a special bonus depreciation allowance for long-term residential rental properties under the Internal Revenue Code.

  • Section 168

    `(o) Special Allowance for Long-Term Residential Rental Property.--`

    This adds a new subsection to provide special depreciation for long-term residential rental properties.

  • Section 168

    or → `, or`

    This change expands the definition of section 1245 property to include long-term residential rental property.

  • Section 168(o)(1)(A)(i)(II)

    `$150,000` → `$250,000`

    This increases the bonus depreciation limit for certain affordable housing projects.

  • Section 1245(a)(3)

    the period → `, or`

    This change allows long-term residential rental property to be treated as section 1245 property.

  • Section 1245(a)(3)

    . → ` or`

    This modifies the criteria for properties classified under section 1245.

Action History

  1. Introduced in House

  2. Introduced in House

  3. Referred to the House Committee on Ways and Means.

Sponsors

Sponsorship breakdown

Export CSV (upgrade) →

1 sponsors · 4 co-sponsors · 542 not signed on

Sponsors (1)

Co-sponsors (4)

Not signed on (542)

542 members have not signed on to this bill.

Show all 542 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

public-safety taxation housing transportation
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors HR 8996?
HR 8996 is sponsored by Tenney, Claudia (Republican), Panetta, Jimmy (Democratic), LaHood, Darin (Republican), Latimer, George (Democratic), and Sánchez, Linda T. (Democratic).
What is the current status of HR 8996?
This bill is in committee in the House. Introduced May 21, 2026. It must pass committee before a floor vote.
Where can I track HR 8996?
Track HR 8996 free on One Click Politics — get push/email alerts when it moves.

Make your voice heard on HR 8996

Find the representatives who decide this bill and tell them where you stand — for yourself, or mobilize your whole list in one click with One Click Politics advocacy software.

Find my representatives → Run a campaign

Stay ahead of HR 8996

Last checked for changes 3 months ago · updated continuously

One Click Politics tracks every bill in Congress and all 50 states.

Track this bill →