To amend the Internal Revenue Code of 1986 to provide a special rule for members of the uniformed services and the Foreign Service, and other employees, in determining the exclusion of gain from the sale of a principal residence.

Summary

Amends the Internal Revenue Code to suspend, for purposes of determining exclusion of gain from the sale of a principal residence, the five-year determination period for: (1) members of the uniformed services or the Foreign Service serving on qualified extended duty (at least 50 miles from such residence or residing in Government quarters); or (2) an employee serving for more than 90 days on assignment abroad.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 26 April 2001

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• Introduced in House (PDF)

  Introduced in House · EN · 26 April 2001

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• Introduced in House

  summary · EN · 26 April 2001

  Open at official source

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