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HR 1287 102th Congress House Taxation Capital gains tax Housing and Community Development Housing finance Income tax Social Welfare Tax exclusion

To amend the Internal Revenue Code of 1986 to repeal the age and dollar limitations on the one-time exclusion of gain on the sale of a principal residence.

Introduced: March 6, 1991 See on congress.gov
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This bill died when the 102nd Congress ended
It never became law before the 102nd Congress (1991–1992) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 6, 1991
Referred to the House Committee on Ways and Means.
Mar 6, 1991
Introduced in House
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 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to eliminate the age (55 or older) and dollar ($125,000) restrictions with respect to the one-time income tax exclusion of gain on the sale of a principal residence.

What's happening now March 6, 1991

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Smith, Christopher H.
New Jersey · Mar 6, 1991
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1287: To amend the Internal Revenue Code of 1986 to repeal the age and dollar limitations on the one-time exclusion of gain on the sale of a principal residence.. 102nd Congress. Open America. https://openamerica.io/bill/102-HR-1287/
MLA
"H.R. 1287: To amend the Internal Revenue Code of 1986 to repeal the age and dollar limitations on the one-time exclusion of gain on the sale of a principal residence.." 102nd Congress, 2026, Open America, https://openamerica.io/bill/102-HR-1287/.
Bluebook (legal)
H.R. 1287, 102nd Cong. (2026), https://openamerica.io/bill/102-HR-1287/.
Markdown link
[H.R. 1287: To amend the Internal Revenue Code of 1986 to repeal the age and dollar limitations on the one-time exclusion of gain on the sale of a principal residence.](https://openamerica.io/bill/102-HR-1287/)
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