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- H.R.3570
H.R.3570: Homeowners Relief Act of 1996
About This Bill
- This bill was introduced in the 104th Congress
- This bill is primarily about taxation
- Introduced June 4, 1996
- Latest Major Action June 4, 1996
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
Homeowners Relief Act of 1996 - Amends the Internal Revenue Code to exclude gain from the sale or exchange of a principal residence by an individual from gross income if, during the seven-year period ending before the sale or exchange, such residence has been owned and used by the taxpayer as the taxpayer's principal residence for periods aggregating five years or more. (Currently, the exclusion has a dollar limitation, is applicable to only...
(Source: Library of Congress)
Bill Actions
| Date | Description |
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Sponsor introductory remarks on measure.
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Referred to the House Committee on Ways and Means.
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| June 4, 1996 |
Introduced in the House by Sue W. Kelly (R-N.Y.) |