SHARE Act

This bill would change federal tax law so that lenders do not pay income tax on certain earnings from shared appreciation mortgages. In these loans, a lender provides a second mortgage of up to 49 percent of a home's purchase price and, instead of regular payments, receives a set share of the home's increase in value when the loan is repaid. The tax exclusion applies only when the borrower's income was no more than 140 percent of the area median income and the home was the borrower's main residence. Gains from selling assets made up of or backed by these mortgages would also be excluded from income. The change would apply to amounts received after December 31, 2025.

Full text and official record on Congress.gov

Sponsors

• Blake D. Moore Republican sponsor
• 5 cosponsors