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United States · Bill · S

S. 3505 (94th)

A bill to amend Section 121 of the Internal Revenue Code.

referredUnited States· United States Congress· EN

Introduced

27 May 1976

Last action

Status

Referred to Senate Committee on Finance.

Sponsors

Subjects

Discovery layer

Source updated

1 August 2024

Summary

Increases to $60,000, multiplied by the ratio which the Consumer Price Index for the taxable year bears to the Consumer Price Index for 1976, the amount of gain excluded from the gross income of a taxpayer over the age of 65 who sells his principal residence.

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Documents

1 official file

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Sources

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