To amend the Internal Revenue Code of 1986 to exclude from gross income the gain from the sale or exchange of certain residences acquired before 2013.

Summary

Amends the Internal Revenue Code to allow an individual taxpayer an exclusion from gross income of the gain from the sale or exchange of up to two residences (other than a principal residence) acquired after December 31, 2008, and before January 1, 2012. Limits the amount of such exclusion to $250,000 ($500,000 for married taxpayers filing a joint return). Allows a $500,000 exclusion amount for a surviving spouse who sells a residence within two years of the death of a spouse.

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Timeline

1. 28 January 2009

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 28 January 2009

   Introduced

   Introduced in House

   Source: IntroReferral

3. 28 January 2009

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 28 January 2009 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 28 January 2009

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 28 January 2009

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 28 January 2009

  Open at official source

Sponsors

• Ken Calvert · R · Sponsor
• · hswm00 · Standing

Related records

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