HR 1149
104th Congress
House
Taxation
Capital gains tax
Home ownership
Housing and Community Development
Housing finance
Income tax
Labor and Employment
Tax exclusion
Unemployed
To amend the Internal Revenue Code of 1986 to provide for the nonrecognition of gain on the sale of a principal residence if the taxpayer is unemployed.
Introduced: March 7, 1995
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 7, 1995
Referred to the House Committee on Ways and Means.
Mar 7, 1995
Sponsor introductory remarks on measure. (CR E533)
Mar 7, 1995
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to make certain individuals eligible for the one-time exclusion of gain from the sale of a principal residence during a period of unemployment. Reduces the amount of the maximum exclusion for such individuals.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1