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United States · Bill · HR

H.R. 1149 (104th)

To amend the Internal Revenue Code of 1986 to provide for the nonrecognition of gain on the sale of a principal residence if the taxpayer is unemployed.

referredUnited States· United States Congress· EN

Introduced

7 March 1995

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

7 February 2024

Summary

Amends the Internal Revenue Code to make certain individuals eligible for the one-time exclusion of gain from the sale of a principal residence during a period of unemployment. Reduces the amount of the maximum exclusion for such individuals.

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Documents

3 official files

Introduced in House (text)

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Sources

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