A bill to amend the Internal Revenue Code of 1954 to allow an individual to exclude from gross income the gain from the sale of exchange of the individual's principal residence.

referredUnited States· United States Congress· EN

Introduced

26 September 1975

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Excludes from gross income under the Internal Revenue Code the gain from the sale or exchange of property which, during the 8-year period ending on the date of the sale or exchange, has been owned and used by the taxpayer as his principal residence for periods aggregating 5 years or more (presently limited to individuals age 65 or over).

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Votes

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Versions

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Documents

1 official file

Introduced in House
summary · EN · 26 September 1975
Open at official source

Related records

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Sources

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Official source: https://www.congress.gov/bill/94th-congress/house-bill/9874
Open data entity: https://api.congress.gov/v3/bill/94/hr/9874