A bill to amend the Internal Revenue Code of 1986 to provide a special rule for members of the uniformed services and Foreign Service, and other employees, in determining the exclusion of gain from the sale of a principle residence.

Summary

Amends the Internal Revenue Code to suspend, for purposes of determining exclusion of gain from the sale of a principal residence, the five-year determination period for: (1) members of the uniformed services or the Foreign Service serving on qualified extended duty (at least 50 miles from such residence or residing in Government quarters); or (2) an employee serving for more than 90 days on assignment abroad.

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Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 3 December 2001

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 3 December 2001

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 3 December 2001

  Open at official source

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