Pay-As-You-Go Social Security and Prosperity Insurance Act

Summary

Amends the Internal Revenue Code to repeal the taxpayer's age requirement (65 years) and the dollar limitation on the adjusted sales price ($35,000) for the exclusion from gross income of gain realized on the sale of the taxpayer's principal residence.

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

Timeline

1. 2 February 1977

   Introduced

   Introduced in House

   Source: IntroReferral

2. 2 February 1977

   Introduced

   Introduced in House

   Source: IntroReferral

3. 2 February 1977

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 2 February 1977

  Open at official source

Sponsors

• Rep. McKinney, Stewart B. [R-CT-4] · R · Sponsor
• Rep. Anderson, John B. [R-IL-16] · R · Cosponsor
• Rep. Burgener, Clair W. [R-CA-43] · R · Cosponsor
• Rep. Collins, James M. [R-TX-3] · R · Cosponsor
• Rep. Duncan, John J. [R-TN-2] · R · Cosponsor
• Rep. Harrington, Michael J. [D-MA-6] · D · Cosponsor
• Rep. Howard, James J. [D-NJ-3] · D · Cosponsor
• Rep. Hyde, Henry J. [R-IL-6] · R · Cosponsor
• Rep. LaFalce, John J. [D-NY-29] · D · Cosponsor
• Rep. Lagomarsino, Robert J. [R-CA-19] · R · Cosponsor
• Rep. Lehman, William [D-FL-17] · D · Cosponsor
• Rep. Martin, James G. [R-NC-9] · R · Cosponsor
• Rep. Mathis, Dawson [D-GA-2] · D · Cosponsor
• Rep. Mollohan, Robert H. [D-WV-1] · D · Cosponsor
• Rep. Sarasin, Ronald A. [R-CT-5] · R · Cosponsor
• Rep. Thompson, Frank, Jr. [D-NJ-4] · D · Cosponsor
• · hswm00 · Standing

Related records

• related to ← A bill to amend the Internal Revenue Code of 1954 to allow an individual to exclude from gross income the gain from the sale or exchange of the individual's principal residence.
• related to ← A bill to amend the Internal Revenue Code of 1954 to allow an individual to exclude from gross income the gain from the sale or exchange of the individual's principal residence.
• related to ← A bill to amend the Internal Revenue Code of 1954 to allow an individual to exclude from gross income the gain from the sale or exchange of the individual's principal residence.
• related to ← A bill to amend the Internal Revenue Code of 1954 to allow an individual to exclude from gross income the gain from the sale or exchange of the individual's principal residence.