Principal Residence Tax Exclusion Act of 1997

referredUnited States· United States Congress· EN

Introduced

5 June 1997

Last action

5 June 1997 · Introduced

Status

Read twice and referred to the Committee on Finance.

Summary

Principal Residence Tax Exclusion Act of 1997 - Amends the Internal Revenue Code to replace the existing one-time exclusion of up to $125,000 of gain from the sale of a principal residence by a person at least 55 years old with an exclusion of gain of up to $250,000 ($500,000 for qualifying joint return) for a qualifying sale of a principal residence regardless of the person's age. Applies such exclusion to only one sale or exchange every two years. Repeals the provision providing for nonrecognition of gain on principal residence rollovers.

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

Timeline

5 June 1997
Introduced
Read twice and referred to the Committee on Finance.
Source: IntroReferral
5 June 1997
Introduced
Sponsor introductory remarks on measure. (CR S5354-5355)
Source: IntroReferral
5 June 1997
Introduced
Introduced in Senate
Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Introduced in Senate · 5 June 1997 · Download file

Documents

3 official files

Introduced in Senate (text)

View file Download file

This file cannot be previewed here. Use View or Download.

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 (text)
Introduced in Senate · EN · 5 June 1997
View Download Open at official source
Introduced in Senate (PDF)
Introduced in Senate · EN · 5 June 1997
View Download Open at official source
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 · 5 June 1997
Open at official source
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.

Related records

related to → Principal Residence Tax Exclusion Act of 1997

Sources

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

Official source: https://www.congress.gov/bill/105th-congress/senate-bill/840
Open data entity: https://api.congress.gov/v3/bill/105/s/840
us · 105-s-840 · source updated 21 August 2025