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United States · Bill · HR

H.R. 1340 (119th)

More Homes on the Market Act

referredUnited States· United States Congress· EN

Introduced

13 February 2025

Last action

13 February 2025 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Panetta, Jimmy [D-CA-19], Rep. Kelly, Mike [R-PA-16], Rep. Malliotakis, Nicole [R-NY-11], Rep. Yakym, Rudy [R-IN-2], Rep. Correa, J. Luis [D-CA-46], Rep. DelBene, Suzan K. [D-WA-1], Rep. Scholten, Hillary J. [D-MI-3], Rep. Brownley, Julia [D-CA-26], Rep. Salazar, Maria Elvira [R-FL-27], Rep. Mullin, Kevin [D-CA-15], Rep. Issa, Darrell [R-CA-48], Rep. Harder, Josh [D-CA-9], Rep. Bacon, Don [R-NE-2], Rep. McCollum, Betty [D-MN-4], Rep. Goldman, Daniel S. [D-NY-10], Rep. Rutherford, John H. [R-FL-5], Rep. Costa, Jim [D-CA-21], Rep. Barragán, Nanette Diaz [D-CA-44], Rep. Swalwell, Eric [D-CA-15], Rep. Lawler, Michael [R-NY-17], Rep. De La Cruz, Monica [R-TX-15], Rep. Pettersen, Brittany [D-CO-7], Rep. Ansari, Yassamin [D-AZ-3], Rep. Liccardo, Sam T. [D-CA-16], Rep. Gottheimer, Josh [D-NJ-5], Rep. Thanedar, Shri [D-MI-13], Rep. Carbajal, Salud O. [D-CA-24], Rep. Fitzpatrick, Brian K. [R-PA-1], Rep. Kiley, Kevin [R-CA-3], Rep. Landsman, Greg [D-OH-1], Rep. Lieu, Ted [D-CA-36], Rep. Vargas, Juan [D-CA-52], Rep. Lofgren, Zoe [D-CA-18], Rep. Norcross, Donald [D-NJ-1], Rep. Shreve, Jefferson [R-IN-6], Rep. Nunn, Zachary [R-IA-3], Rep. Budzinski, Nikki [D-IL-13], Rep. Sherman, Brad [D-CA-32], Rep. Pingree, Chellie [D-ME-1], Rep. Craig, Angie [D-MN-2], Rep. Sewell, Terri A. [D-AL-7], Rep. Davids, Sharice [D-KS-3], Rep. Levin, Mike [D-CA-49], Rep. Beatty, Joyce [D-OH-3], Rep. Cherfilus-McCormick, Sheila [D-FL-20], Rep. Van Drew, Jefferson [R-NJ-2], Rep. Cuellar, Henry [D-TX-28], Rep. Kim, Young [R-CA-40]

Subjects

Taxation

Source updated

25 August 2026

Taxation

Official sourceDownload fileView documentsShare

Summary

More Homes on the Market Act This bill increases the amount of gain from the sale of a principal residence that an individual may exclude from gross income (for federal tax purposes). Under the bill, an individual may exclude from gross income gain from the sale of a principal residence of up to $500,000 (currently $250,000), and taxpayers who are married and file a joint federal income tax return may exclude up to $1 million (currently $500.000). The bill also requires these amounts to be adjusted annually for inflation.

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

Timeline

  1. 13 February 2025

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 13 February 2025

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 13 February 2025

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

2 official files

Introduced in House

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  • Introduced in House

    Introduced in House · EN · 13 February 2025

    ViewDownloadOpen at official source

  • Introduced in House

    summary · EN · 13 February 2025

    Open at official source

    Leesvertaling

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

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Sponsors

Showing 48 of 156 sponsors and actors.

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Sources

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