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HR 593 104th Congress House Taxation Capital gains tax Cost of living adjustments Economics and Public Finance Estate tax Gift tax Housing and Community Development Housing finance Income tax Indexing (Economic policy) Minimum tax Social Welfare Tax credits Tax deductions Tax exclusion

Senior Citizens' Tax Relief Act of 1995

Introduced: January 19, 1995 See on congress.gov
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This bill died when the 104th Congress ended
It never became law before the 104th Congress (1995–1996) 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 19, 1995
Referred to the House Committee on Ways and Means.
Jan 19, 1995
Introduced in House
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 Plain-English summary Congressional Research Service

Senior Citizens' Tax Relief Act of 1995 - 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 19, 1995

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 · Jan 19, 1995
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 593: Senior Citizens' Tax Relief Act of 1995. 104th Congress. Open America. https://openamerica.io/bill/104-HR-593/
MLA
"H.R. 593: Senior Citizens' Tax Relief Act of 1995." 104th Congress, 2026, Open America, https://openamerica.io/bill/104-HR-593/.
Bluebook (legal)
H.R. 593, 104th Cong. (2026), https://openamerica.io/bill/104-HR-593/.
Markdown link
[H.R. 593: Senior Citizens' Tax Relief Act of 1995](https://openamerica.io/bill/104-HR-593/)
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