Stop Wall Street Landlords Act of 2024

This bill disallows tax deductions for mortgage interest and depreciation on single-family homes owned by large institutional investors (defined as entities with over $100 million in assets), and imposes a 100% excise tax on the sale or transfer of such properties. It excludes government entities, nonprofits, and federally-assisted housing (like Section 8 properties) from these rules. Revenue from the sales tax funds the Housing Trust Fund to increase affordable rental housing for low-income families. The policy directly affects major real estate firms owning single-family homes as investments, not individual homeowners or small landlords.