A bill to provide, for purposes of the Federal income tax, that the one-time exclusion from gross income of gain from the sale of a principal residence by an individual who has attained age 55 shall apply to sales and exchanges after December 31, 1977.

referredUnited States· United States Congress· EN

Introduced

10 March 1981

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to provide that the tax exclusion from gross income of gain from the sale of a principal residence by a taxpayer who is 55 years old shall apply to sales and exchanges after December 31, 1977 (presently July 26, 1978).

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Documents

1 official file

Introduced in House
summary · EN · 10 March 1981
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/97th-congress/house-bill/2398
Open data entity: https://api.congress.gov/v3/bill/97/hr/2398