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HR 567 103th Congress House Taxation Capital gains tax Cost of living adjustments Estate tax Gift tax Housing and Community Development Housing finance Income tax Indexing (Economic policy) Social Welfare Tax credits Tax deductions Tax exclusion

To amend the Internal Revenue Code of 1986 to increase the dollar limitation on the 1-time exclusion of gain from sale of a principal residence by individuals who have attained age 55, to increase…

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To amend the Internal Revenue Code of 1986 to increase the dollar limitation on the 1-time exclusion of gain from sale of a principal residence by individuals who have attained age 55, to increase the amount of the unified estate and gift tax credits, and to reduce the tax on capital gains.

Introduced: January 25, 1993 See on congress.gov
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This bill died when the 103rd Congress ended
It never became law before the 103rd Congress (1993–1994) 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
Jan 25, 1993
Referred to the House Committee on Ways and Means.
Jan 25, 1993
Introduced in House
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 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to increase the limitation on the one-time exclusion of gain from the sale of a principal residence by an individual who has attained age 55 and provide a cost-of-living adjustment for such amount.

Increases the unified credit against the estate tax and the unified credit against the gift tax and provides a cost-of-living adjustment for such credits.

Reduces the capital gains tax for a taxpayer other than a corporation by allowing the deduction of 50 percent of the net capital gain. Provides for computing such deduction for estates and trusts. Disallows such deduction against the minimum tax.

What's happening now January 25, 1993

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 2
R
Crapo, Mike
Idaho · Feb 4, 1993
 R
Smith, Christopher H.
New Jersey · Jan 25, 1993
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APA
U.S. Congress. (2026). H.R. 567: To amend the Internal Revenue Code of 1986 to increase the dollar limitation on the 1-time exclusion of gain from sale of a principal residence by individuals who have attained age 55, to increase the amount of the unified estate and gift tax credits, and to reduce the tax on capital gains.. 103rd Congress. Open America. https://openamerica.io/bill/103-HR-567/
MLA
"H.R. 567: To amend the Internal Revenue Code of 1986 to increase the dollar limitation on the 1-time exclusion of gain from sale of a principal residence by individuals who have attained age 55, to increase the amount of the unified estate and gift tax credits, and to reduce the tax on capital gains.." 103rd Congress, 2026, Open America, https://openamerica.io/bill/103-HR-567/.
Bluebook (legal)
H.R. 567, 103rd Cong. (2026), https://openamerica.io/bill/103-HR-567/.
Markdown link
[H.R. 567: To amend the Internal Revenue Code of 1986 to increase the dollar limitation on the 1-time exclusion of gain from sale of a principal residence by individuals who have attained age 55, to increase the amount of the unified estate and gift tax credits, and to reduce the tax on capital gains.](https://openamerica.io/bill/103-HR-567/)
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