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
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
Plain-English summary
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
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1