Homeowners Relief Act of 1997

Summary

Homeowners Relief Act of 1997 - Amends the Internal Revenue Code to exclude gain from the sale or exchange of a principal residence by an individual from gross income if, during the seven-year period ending before the sale or exchange, such residence has been owned and used by the taxpayer as the taxpayer's principal residence for periods aggregating five years or more. (Currently, the exclusion has a dollar limitation, is applicable to only one sale, and is available only to an individual who has attained the age of 55 and has used the property as a principal residence for three of the five years preceding the sale.)

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

Timeline

1. 7 January 1997

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 7 January 1997

   Introduced

   Sponsor introductory remarks on measure. (CR E41)

   Source: IntroReferral

3. 7 January 1997

   Introduced

   Introduced in House

   Source: IntroReferral

4. 7 January 1997

   Introduced

   Introduced in House

   Source: IntroReferral

5. 5 August 1997

   Committee

   See H.R.2014.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 7 January 1997 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 7 January 1997

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 7 January 1997

  ViewDownloadOpen at official source

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  Vertaal document

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• Introduced in House

  summary · EN · 7 January 1997

  Open at official source

  Leesvertaling

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

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

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

Sponsors

• Rep. Kelly, Sue W. [R-NY-19] · R · Sponsor
• Rep. Royce, Edward R. [R-CA-39] · R · Cosponsor
• Rep. Fox, Jon D. [R-PA-13] · R · Cosponsor
• Rep. Hastert, J. Dennis [R-IL-14] · R · Cosponsor
• Rep. Barcia, James A. [D-MI-5] · D · Cosponsor
• Rep. Bachus, Spencer [R-AL-6] · R · Cosponsor
• Rep. McHugh, John M. [R-NY-23] · R · Cosponsor
• Rep. Weldon, Curt [R-PA-7] · R · Cosponsor
• Rep. Shays, Christopher [R-CT-4] · R · Cosponsor
• Rep. Bereuter, Doug [R-NE-1] · R · Cosponsor
• Rep. Sensenbrenner, F. James, Jr. [R-WI-5] · R · Cosponsor
• Rep. Norwood, Charles W. [R-GA-9] · R · Cosponsor
• Rep. Canady, Charles T. [R-FL-12] · R · Cosponsor
• Rep. Pallone, Frank [D-NJ-6] · D · Cosponsor
• Rep. Foley, Mark [R-FL-16] · R · Cosponsor
• Rep. Boucher, Rick [D-VA-9] · D · Cosponsor
• Rep. Packard, Ron [R-CA-48] · R · Cosponsor
• Rep. Horn, Stephen [R-CA-38] · R · Cosponsor
• Rep. Molinari, Susan [R-NY-13] · R · Cosponsor
• Rep. King, Peter T. [R-NY-2] · R · Cosponsor
• Rep. Granger, Kay [R-TX-12] · R · Cosponsor
• Rep. Deal, Nathan [R-GA-9] · R · Cosponsor
• Rep. McGovern, James P. [D-MA-2] · D · Cosponsor
• · hswm00 · Standing

Related records

• related to ← Taxpayer Relief Act of 1997