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Bill · HR

H.R. 1340 (119th)

More Homes on the Market Act

Original

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

Jimmy Panetta, Mike Kelly, Rep. Malliotakis, Nicole [R-NY-11], Rep. Yakym, Rudy [R-IN-2], J. Correa, Suzan DelBene, Hillary Scholten, Julia Brownley, Maria Salazar, Kevin Mullin, Rep. Issa, Darrell [R-CA-48], Josh Harder, Rep. Bacon, Don [R-NE-2], Betty McCollum, Daniel Goldman, John Rutherford, Jim Costa, Nanette Barragán, Eric Swalwell, Rep. Lawler, Michael [R-NY-17], Rep. De La Cruz, Monica [R-TX-15], Brittany Pettersen, Yassamin Ansari, Sam Liccardo, Rep. Gottheimer, Josh [D-NJ-5], Shri Thanedar, Salud Carbajal, Rep. Fitzpatrick, Brian K. [R-PA-1], Kevin Kiley, Rep. Landsman, Greg [D-OH-1], Ted Lieu, Juan Vargas, Zoe Lofgren, Donald Norcross, Jefferson Shreve, Rep. Nunn, Zachary [R-IA-3], Nikki Budzinski, Brad Sherman, Chellie Pingree, Angie Craig, Terri Sewell, Sharice Davids, Mike Levin, Joyce Beatty, Sheila Cherfilus-McCormick, Jefferson Van Drew, Henry Cuellar, Young Kim, Del. Moylan, James C. [R-GU-At Large], Rep. Weber, Randy K. Sr. [R-TX-14], Rep. Green, Al [D-TX-9], Darren Soto, Rep. Neguse, Joe [D-CO-2], David Scott, Wesley Hunt, Janice Schakowsky, Rep. Grothman, Glenn [R-WI-6], Rep. Gill, Brandon [R-TX-26], Mark Pocan, Rep. Schmidt, Derek [R-KS-2], Rep. Mann, Tracey [R-KS-1], Rep. Suozzi, Thomas R. [D-NY-3], Thomas Kean, Lori Trahan, Valerie Foushee, Rep. Calvert, Ken [R-CA-41], Rep. Fleischmann, Charles J. "Chuck" [R-TN-3], Rep. Goldman, Craig [R-TX-12], Emanuel Cleaver, Sarah McBride, Jahana Hayes, Rep. Smith, Christopher H. [R-NJ-4], Donald Davis, George Latimer, Joe Courtney, Mariannette Miller-Meeks, Rep. Fitzgerald, Scott [R-WI-5], Robert Garcia, Thomas Massie, Brendan Boyle, Sanford Bishop, Sean Casten, Rep. Stauber, Pete [R-MN-8], Gilbert Cisneros, Wesley Bell, Rep. Kustoff, David [R-TN-8], Jared Golden, Rep. Fulcher, Russ [R-ID-1], Rescom. Hernández, Pablo Jose [D-PR-At Large], Nellie Pou, Julie Johnson, Emilia Sykes, Rep. Meuser, Daniel [R-PA-9], Rep. Wittman, Robert J. [R-VA-1], Robert Bresnahan, Scott Peters, Adriano Espaillat, Mike Collins, Beth Van Duyne, Nathaniel Moran, Rep. Bean, Aaron [R-FL-4], Rep. Fischbach, Michelle [R-MN-7], Tom Barrett, Steven Horsford, Lloyd Smucker, Rep. Tenney, Claudia [R-NY-24], Jill Tokuda, Rep. Miller, Carol D. [R-WV-1], Eric Sorensen, Debbie Dingell, Rep. McGuire, John [R-VA-5], Lois Frankel, Mike Carey, George Whitesides, Suhas Subramanyam, Kweisi Mfume, Del. Norton, Eleanor Holmes [D-DC-At Large], Sarah Elfreth, Gregory Murphy, James Walkinshaw, Rep. Steube, W. Gregory [R-FL-17], Rep. Hern, Kevin [R-OK-1], Darin LaHood, Debbie Wasserman Schultz, William Keating, Ami Bera, Timothy Kennedy, Kathy Castor, Jeff Hurd, Max Miller, Danny Davis, Linda Sánchez, Mark DeSaulnier, Nicholas Langworthy, Rep. Crank, Jeff [R-CO-5], Dina Titus, Dwight Evans, Rep. Guest, Michael [R-MS-3], Frank Mrvan, Deborah Ross, Matt Van Epps, Rep. Finstad, Brad [R-MN-1], Jay Obernolte, Rep. Van Orden, Derrick [R-WI-3], Norma Torres, Adrian Smith, Jared Moskowitz, Kim Schrier, Doris Matsui, Lateefah Simon, Patrick Ryan, John Joyce, Rep. McCormick, Richard [R-GA-7], James Gallagher, Andy Harris

Subjects

Housing, Taxation

Source updated

25 August 2026

Housing · 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

Sponsors

Related records

Sources

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