Skip to main content
HR 1193 105th Congress House Taxation Age Bonds Business income tax Capital gains tax Commerce Depreciation and amortization Economics and Public Finance Finance and Financial Sector Home ownership Housing and Community Development Housing finance Housing for the aged Income tax Indexing (Economic policy) Mutual funds Partnerships Personal income tax Real estate appraisal Real estate investment

To amend the Internal Revenue Code of 1986 to allow indexing of capital assets for purposes of determining gain or loss and to allow an exclusion of gain from the sale of a principal residence.

Introduced: March 20, 1997 See on congress.gov
Sign in to write a letter Sign in to watch
This bill died when the 105th Congress ended
It never became law before the 105th Congress (1997–1998) 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 20, 1997
Referred to the House Committee on Ways and Means.
Mar 20, 1997
Introduced in House
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to require that an inflation indexed basis rather than an adjusted basis be used to determine gain or loss in the disposition of the following assets held at least one year: (1) corporate stock; (2) bonds; (3) tangible property used in, or land held in connection with, a business or trade; and (4) a principal residence.

Replaces the existing one-time "55 years or older" exclusion of $125,000 of gain from the sale of a principal residence with an exclusion of $250,000 ($500,000 in the case of a joint return) from the sale of a principal residence (eliminating age and one-time provisions).

What's happening now March 20, 1997

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
Graham, Lindsey
South Carolina · Jun 6, 1997
 R
Wicker, Roger F.
Mississippi · Apr 30, 1997
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1193: To amend the Internal Revenue Code of 1986 to allow indexing of capital assets for purposes of determining gain or loss and to allow an exclusion of gain from the sale of a principal residence.. 105th Congress. Open America. https://openamerica.io/bill/105-HR-1193/
MLA
"H.R. 1193: To amend the Internal Revenue Code of 1986 to allow indexing of capital assets for purposes of determining gain or loss and to allow an exclusion of gain from the sale of a principal residence.." 105th Congress, 2026, Open America, https://openamerica.io/bill/105-HR-1193/.
Bluebook (legal)
H.R. 1193, 105th Cong. (2026), https://openamerica.io/bill/105-HR-1193/.
Markdown link
[H.R. 1193: To amend the Internal Revenue Code of 1986 to allow indexing of capital assets for purposes of determining gain or loss and to allow an exclusion of gain from the sale of a principal residence.](https://openamerica.io/bill/105-HR-1193/)
Report a problem