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HR 1204 105th Congress House Taxation Capital gains tax Estates (Law) Home ownership Housing and Community Development Housing finance Housing for the aged Income tax Law Personal income tax Social Welfare Tax exclusion

To amend the Internal Revenue Code of 1986 to provide that the sale of a life estate or a remainder interest in a principal residence qualifies for the one-time exclusion of gain on sale of a…

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To amend the Internal Revenue Code of 1986 to provide that the sale of a life estate or a remainder interest in a principal residence qualifies for the one-time exclusion of gain on sale of a principal residence.

Introduced: March 20, 1997 See on congress.gov
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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 3 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
Sponsor introductory remarks on measure. (CR E533)
Mar 20, 1997
Introduced in House
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 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to exclude from gain the sale of a life estate or a remainder interest in a principal residence by a person eligible for the one-time "55 years or older" exclusion of gain from the sale of such residence. Stipulates that such provision shall not apply to related party sales.

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 24, 1997
 R
Wicker, Roger F.
Mississippi · Mar 20, 1997
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1204: To amend the Internal Revenue Code of 1986 to provide that the sale of a life estate or a remainder interest in a principal residence qualifies for the one-time exclusion of gain on sale of a principal residence.. 105th Congress. Open America. https://openamerica.io/bill/105-HR-1204/
MLA
"H.R. 1204: To amend the Internal Revenue Code of 1986 to provide that the sale of a life estate or a remainder interest in a principal residence qualifies for the one-time exclusion of gain on sale of a principal residence.." 105th Congress, 2026, Open America, https://openamerica.io/bill/105-HR-1204/.
Bluebook (legal)
H.R. 1204, 105th Cong. (2026), https://openamerica.io/bill/105-HR-1204/.
Markdown link
[H.R. 1204: To amend the Internal Revenue Code of 1986 to provide that the sale of a life estate or a remainder interest in a principal residence qualifies for the one-time exclusion of gain on sale of a principal residence.](https://openamerica.io/bill/105-HR-1204/)
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