United States · Bill · HR
H.R. 4132 (110th)
Homeowners Exemption Update Act of 2007
Introduced
9 November 2007
Last action
—
Status
Referred to the House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
14 August 2025
Summary
Homeowners Exemption Update Act of 2007 - Amends the Internal Revenue Code to increase to $500,000 the amount of gain from the sale or exchange of a principal residence that may be excluded from gross income for income tax purposes. Allows a $1 million exclusion for married taxpayers filing a joint tax return who meet certain residential use and ownership requirements.
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Timeline
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Votes
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Versions
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 9 November 2007
Introduced in House (PDF)
Introduced in House · EN · 9 November 2007
Introduced in House
summary · EN · 9 November 2007
Sponsors
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Related records
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/110th-congress/house-bill/4132
- Open data entity: https://api.congress.gov/v3/bill/110/hr/4132