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United States · Bill · HR

H.R. 5278 (102nd)

To amend the Internal Revenue Code of 1986 to increase the amount of gain which may be excluded from gross income on the sale of the principal residence of an individual who has attained age 55 to compensate for the 50 percent increase since 1981 in the median price of a home in the United States.

referredUnited States· United States Congress· EN

Introduced

28 May 1992

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 increase the one-time exclusion of gain from the sale of a principal residence by an individual who has attained age 55.

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Documents

2 official files

Introduced in House (text)

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