1. Short title This Act may be cited as the End Hedge Fund Control of American Homes Act . 2. Excise tax on certain taxpayers failing to sell excess single-family residences (a) In general Subtitle D of the Internal Revenue Code of 1986 is amended by adding at the end the following new chapter: 50B Excess single-family residences Sec. 5000E. Newly acquired single-family residences. Sec. 5000F. Excess single-family residences. Sec. 5000G. Definitions and other special rules. 5000E. Newly acquired single-family residences (a) In general In the case of an applicable taxpayer, there is hereby imposed a tax on the acquisition of any newly acquired single-family residence equal to 50 percent of the fair market value of such residence. (b) Newly acquired single-Family residence For purposes of this section, the term newly acquired single-family residence means any single-family residence which was acquired by the taxpayer in any taxable year which begins after the date of the enactment of this chapter. 5000F. Excess single-family residences (a) In general In the case of an applicable taxpayer who fails to meet the requirements of subsection (b), there is hereby imposed a tax equal to the product of— (1) $50,000, and (2) the excess of— (A) the number of applicable single-family residences owned by the taxpayer as of the last day of the taxable year, over (B) the sum of— (i) 50 (zero in the case of any hedge fund taxpayer), plus (ii) the maximum permissible units for the taxable year. (b) Requirement (1) In general An applicable taxpayer meets the requirement of this subsection for any taxable year if the number of applicable single-family residences owned by the taxpayer as of the last day of the taxable year is equal to or less than the maximum permissible units determined with respect to such taxpayer for such taxable year. (2) Special rule for certain sales For purposes of applying paragraph (1), a single-family residence which is sold or transferred in a disqualified sale during the taxable year shall be treated as