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SB 2870

Mississippi Senate bill in Session 2026.

Status: failed. Latest action: February 25, 2026.

"Stop Predatory Investing Act of 2026"; deny tax deductions for large institutional real estate investors.

Bill ID MS-2026-SB-2870
Session 2026
Status failed
Committee Finance
Senate failed 2026-02-25
Tax / Budget / Appropriations
Summary

AN ACT ENTITLED THE "STOP PREDATORY INVESTING ACT OF 2026" TO LIMIT LARGE-SCALE CORPORATE PURCHASES OF SINGLE-FAMILY HOMES BY DENYING TAX DEDUCTIONS FOR INTEREST AND DEPRECIATION ON PROPERTIES OWNED BY INSTITUTIONAL REAL ESTATE INVESTORS HOLDING 50 OR MORE SUCH HOMES WITH EXCEPTIONS FOR SALES TO HOMEBUYERS OR NONPROFITS; TO PROVIDE DEFINITIONS; TO AMEND SECTION 27-7-5, MISSISSIPPI CODE OF 1972, TO CONFORM TO THE MISSISSIPPI INCOME TAX LAW; AND FOR RELATED PURPOSES.

Sponsor
Michael McLendon
Official Source Back to Bills
Actions Timeline
Date Event Detail
2026-01-19 Introduced Bill introduced
2026-02-25 Status failed
2026-02-25 Latest Action (S) Died In Committee
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