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- H.R.1682
H.R.1682: To amend the Internal Revenue Code of 1986 to provide for an exclusion of capital gains upon the sale of a principal residence.
About This Bill
- This bill was introduced in the 105th Congress
- This bill is primarily about taxation
- Introduced May 20, 1997
- Latest Major Action May 20, 1997
Bill Sponsor
Bill Cosponsors
4 (4 Democrats, 1 Republican)
Bill Summary
Amends the Internal Revenue Code to exclude up to $250,000 ($500,000 jointly) of gain on the sale of a principal residence if owned and used as the principal residence for periods aggregating at least two years during the five-year period prior to sale or exchange. Sets forth special rules relating to: (1) jointly held property; (2) a deceased spouse; (3) a cooperative housing tenant-stockholder; (4) partial principal residence use; (5)...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Ways and Means.
|
|
| May 20, 1997 |
Introduced in the House by Earl Blumenauer (D-Ore.) |