members , and (B) for purposes of applying section 52(b), the term trade or business shall include any activity treated as a trade or business under paragraph (5) or (6) of section 469(c) (determined without regard to the phrase To the extent provided in regulations in such paragraph (6)). (3) Component member For purposes of paragraph (2), the term component member has the meaning given such term by section 1563(b), determined without regard to paragraph (2) thereof. (f) Reporting Each person who is a covered investor for the taxable year shall attach to the return of the tax imposed by this section a report containing information, in such form as the Secretary shall prescribe, on— (1) the number of single-family homes owned on the last day of the taxable year by such person, and (2) the number of single-family homes purchased by such person during the taxable year. . (b) Clerical amendment The table of subchapters for chapter 36 of the Internal Revenue Code of 1986 is amended by adding at the end the following new item: SUBCHAPTER G—Certain home purchases . (c) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2023. 3. Revenues The Secretary of the Treasury shall allocate or otherwise transfer such revenues resulting from the tax imposed by section 4499 of the Internal Revenue Code of 1986 as follows: (1) 65 percent of such amounts to the Secretary of Housing and Urban Development to provide additional funding for the Housing Trust Fund established under section 1338(a) of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 ( 12 U.S.C. 4568(a) ). (2) 35 percent of such amounts to provide additional funding for the Capital Magnet Fund established under section 1339(a) of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 ( 12 U.S.C. 4569(a) ). 4. Housing Trust Fund small State minimum Section 1338(c)(4)(C) of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 ( 12 U.S.C.