A bill to amend the Internal Revenue Code of 1954 with respect to the exclusion from income of gain from the sale of an individual's principal residence.

referredUnited States· United States Congress· EN

Introduced

8 August 1978

Last action

8 August 1978 · Introduced

Status

Referred to Senate Committee on Finance.

Sponsors

Sen. Church, Frank [D-ID], Sen. Ford, Wendell H. [D-KY], Sen. McIntyre, Thomas J. [D-NH], Sen. DeConcini, Dennis [D-AZ], Sen. Stafford, Robert T. [R-VT], Sen. Stone, Richard (Dick) [D-FL], Sen. Randolph, Jennings [D-WV], Sen. Jackson, Henry M. [D-WA], Sen. Abourezk, James [D-SD], Sen. Anderson, Wendell R. [D-MN], Sen. Riegle, Donald W., Jr. [D-MI], Sen. Biden, Joseph R., Jr. [D-DE], Sen. Goldwater, Barry [R-AZ], Sen. McGovern, George [D-SD], Sen. Thurmond, Strom [R-SC], Sen. Durkin, John A. [D-NH], Sen. Williams, Harrison A., Jr. [D-NJ], Sen. Huddleston, Walter (Dee) [D-KY], Sen. Inouye, Daniel K. [D-HI], Sen. Wallop, Malcolm [R-WY], Sen. Pell, Claiborne [D-RI], Sen. Domenici, Pete V. [R-NM]

Subjects

Taxation

Source updated

1 August 2024

Taxation

Official source View documents Share

Summary

Amends the Internal Revenue Code to allow a one-time tax exclusion of up to $100,000 of the gain from the sale or exchange of a property used by a taxpayer as his principal residence for at least two years during the three year period prior to the date of the sale or exchange.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

8 August 1978
Introduced
Referred to Senate Committee on Finance.
Source: IntroReferral
8 August 1978
Introduced
Introduced in Senate
Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

Leesvertaling

Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

Vertaal naar

Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Introduced in Senate
summary · EN · 8 August 1978
Open at official source

Related records

No cross-record relationships stored yet.

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/95th-congress/senate-bill/3385
Open data entity: https://api.congress.gov/v3/bill/95/s/3385
us · 95-s-3385 · source updated 1 August 2024