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- H.R.7134
H.R.7134: To amend the Internal Revenue Code of 1986 to exclude from gross income the gain from the sale or exchange of certain residences acquired before 2013.
About This Bill
- This bill was introduced in the 110th Congress
- This bill is primarily about taxation
- Introduced Sept. 26, 2008
- Latest Major Action Sept. 26, 2008
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
Amends the Internal Revenue Code to allow an individual taxpayer an exclusion from gross income of the gain from the sale or exchange of up to two residences (other than a principal residence) acquired after December 31, 2007, and before January 1, 2013. Limits the amount of such exclusion to $250,000 ($500,000 for married taxpayers filing a joint return). Allows a $500,000 exclusion amount for a surviving spouse who sells a residence within...
(Source: Library of Congress)
Bill Actions
Date | Description |
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Referred to the House Committee on Ways and Means.
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Sept. 26, 2008 |
Introduced in the House by Ken Calvert (R-Calif.) |