A bill to amend the Internal Revenue Code of 1954 to extend to 48 months the rollover period for nonrecognition of gain on the sale of a principal residence.

referredUnited States· United States Congress· EN

Introduced

27 June 1980

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to extend from 18 to 24 months the period (rollover period) during which a taxpayer must reinvest the proceeds from the sale of a principal residence in a new residence in order to qualify for the nonrecognition of any gain from such sale.

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Documents

1 official file

Introduced in House
summary · EN · 27 June 1980
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/96th-congress/house-bill/7691
Open data entity: https://api.congress.gov/v3/bill/96/hr/7691