A bill to amend the Internal Revenue Code of 1954 to extend from 2 years to 2 1/2 years the period for constructing a new residence to qualify for nonrecognition of gain on the sale of an old residence.

referredUnited States· United States Congress· EN

Introduced

7 February 1977

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to extend to two and one- half years the maximum period which may elapse between the sale of a residence and the construction of another in order that gain from such sale will not be recognized for Federal income tax purposes.

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Documents

1 official file

Introduced in House
summary · EN · 7 February 1977
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/95th-congress/house-bill/3149
Open data entity: https://api.congress.gov/v3/bill/95/hr/3149