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United States · Bill · HR

H.R. 1287 (101st)

To amend the Internal Revenue Code of 1986 to repeal the age and dollar limitations on the one-time exclusion of gain on the sale of a principal residence.

referredUnited States· United States Congress· EN

Introduced

7 March 1989

Last action

7 March 1989 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Schulze, Richard T. [R-PA-5], Rep. Flippo, Ronnie G. [D-AL-5], Rep. Duncan, John J., Jr. [R-TN-2], Rep. Stenholm, Charles W. [D-TX-17], Rep. McEwen, Bob [R-OH-6], Rep. Kolter, Joseph P. [D-PA-4], Rep. Rowland, John G. [R-CT-5], Rep. Lipinski, William O. [D-IL-3], Rep. Lukens, Donald E. [R-OH-8], Rep. Dannemeyer, William E. [R-CA-39], Del. de Lugo, Ron [D-VI-At Large], Rep. Crane, Philip M. [R-IL-8], Rep. Chandler, Rod D. [R-WA-8], Rep. Shaw, E. Clay, Jr. [R-FL-22], Rep. Foglietta, Thomas M. [D-PA-1], Rep. Bentley, Helen Delich [R-MD-2], Rep. Herger, Wally [R-CA-2], Rep. Livingston, Bob [R-LA-1], Rep. Lagomarsino, Robert J. [R-CA-19], Rep. Douglas, Chuck [R-NH-2], Rep. Packard, Ron [R-CA-48], Rep. Bliley, Tom [R-VA-7], Rep. Ballenger, Cass [R-NC-10], Rep. Emerson, Bill [R-MO-8], Rep. Leath, Marvin [D-TX-11], Rep. Dornan, Robert K. [R-CA-46], Rep. Barton, Joe [R-TX-6], Rep. Hyde, Henry J. [R-IL-6], Rep. Gunderson, Steve [R-WI-3], Rep. Porter, John Edward [R-IL-10], Rep. Robinson, Tommy F. [D-AR-2], Rep. Hancock, Mel [R-MO-7], Rep. Martinez, Matthew G. [D-CA-31], Rep. Lantos, Tom [D-CA-12], Rep. Shumway, Norman D. [R-CA-14], Rep. Archer, Bill [R-TX-7], Rep. Frenzel, Bill [R-MN-3], Rep. McGrath, Raymond J. [R-NY-5], Rep. Sundquist, Don [R-TN-7], Rep. Gallo, Dean A. [R-NJ-11], Rep. Lent, Norman F. [R-NY-4], Rep. Courter, Jim [R-NJ-12], Rep. Hansen, James V. [R-UT-1], Rep. Hiler, John Patrick [R-IN-3], Rep. Hayes, James A. [D-LA-7], Rep. Nielson, Howard C. [R-UT-3], Rep. Thomas, William M. [R-CA-21], Sen. Bunning, Jim [R-KY]

Subjects

Taxation

Source updated

7 February 2024

Taxation

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Summary

Amends the Internal Revenue Code to eliminate the age (55 or older) and dollar ($125,000) restrictions with respect to the one-time income tax exclusion of gain on the sale of a principal residence.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 7 March 1989

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 7 March 1989

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 7 March 1989

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

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Versions

Documents

2 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN

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  • Introduced in House

    summary · EN · 7 March 1989

    Open at official source

    Leesvertaling

    Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

    Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

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Related records

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Sources

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