To amend the Internal Revenue Code of 1986 to provide that the one-time exclusion of gain from sale of a principal residence shall not be precluded because the taxpayer's spouse, before becomming married to the taxpayer, elected the exclusion.

Summary

Amends the Internal Revenue Code to permit a taxpayer aged 55 or older to qualify for the one-time income tax exclusion of gain from the sale of a principal residence even if the taxpayer's spouse already took advantage of the exclusion before marrying the taxpayer.

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

Timeline

1. 22 March 1989

   Introduced

   Introduced in House

   Source: IntroReferral

2. 22 March 1989

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

3. 22 March 1989

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · undated · Official file

Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 22 March 1989

  Open at official source

Sponsors

• FRED UPTON · R · Sponsor
• · hswm00 · Standing

Related records

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