A bill to amend the Internal Revenue Code of 1986 to provide that the one-time exclusion of gain from sale of a principal residence shall not be precluded because the taxpayer's spouse, before becoming married to the taxpayer, elected the exclusion.

referredUnited States· United States Congress· EN

Introduced

3 October 1988

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to permit a taxpayer aged 55 or older to qualify for the one-time income tax exclusion of gain from the sale of a principal residence even if the taxpayer's spouse already took advantage of the exclusion before marrying the taxpayer.

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Votes

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Versions

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Documents

1 official file

Introduced in House
summary · EN · 3 October 1988
Open at official source

Related records

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Sources

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Official source: https://www.congress.gov/bill/100th-congress/house-bill/5447
Open data entity: https://api.congress.gov/v3/bill/100/hr/5447