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HR 200 105th Congress House Taxation Age Capital gains tax Families Home ownership Housing and Community Development Housing finance Income tax Personal income tax Social Welfare Tax exclusion

Homeowners Relief Act of 1997

Introduced: January 7, 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 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 5, 1997
See H.R.2014.
Jan 7, 1997
Referred to the House Committee on Ways and Means.
Jan 7, 1997
Sponsor introductory remarks on measure. (CR E41)
Jan 7, 1997
Introduced in House
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 Plain-English summary Congressional Research Service

Homeowners Relief Act of 1997 - Amends the Internal Revenue Code to exclude gain from the sale or exchange of a principal residence by an individual from gross income if, during the seven-year period ending before the sale or exchange, such residence has been owned and used by the taxpayer as the taxpayer's principal residence for periods aggregating five years or more. (Currently, the exclusion has a dollar limitation, is applicable to only one sale, and is available only to an individual who has attained the age of 55 and has used the property as a principal residence for three of the five years preceding the sale.)

What's happening now August 5, 1997

See H.R.2014.

 Related & companion bills 1
  • HR 2014 Procedurally related Taxpayer Relief Act of 1997
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 2
D
McGovern, James P.
Massachusetts · Apr 17, 1997
 D
Pallone, Frank
New Jersey · Feb 27, 1997
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 200: Homeowners Relief Act of 1997. 105th Congress. Open America. https://openamerica.io/bill/105-HR-200/
MLA
"H.R. 200: Homeowners Relief Act of 1997." 105th Congress, 2026, Open America, https://openamerica.io/bill/105-HR-200/.
Bluebook (legal)
H.R. 200, 105th Cong. (2026), https://openamerica.io/bill/105-HR-200/.
Markdown link
[H.R. 200: Homeowners Relief Act of 1997](https://openamerica.io/bill/105-HR-200/)
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