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United States · Bill · HR

H.R. 232 (101st)

To amend the Internal Revenue Code of 1986 to provide for the indexing of the basis of the taxpayer's principal residence.

referredUnited States· United States Congress· EN

Introduced

3 January 1989

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

7 February 2024

Summary

Amends the Internal Revenue Code to index the basis of a taxpayer's principal residence for various income tax purposes affected by the sale or other disposition of the residence. Uses an inflation ratio based on the Consumer Price Index.

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Documents

2 official files

Introduced in House (text)

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Sources

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