HR 3764
110th Congress
House
Taxation
Americans in foreign countries
Capital gains tax
Federal employees
Government Operations and Politics
Government publicity
Home ownership
Housing and Community Development
Income tax
International Affairs
Peace Corps
Social Welfare
Tax deductions
Tax exclusion
Volunteer workers
Peace Corps Volunteers Tax Improvement Act of 2007
Introduced: October 4, 2007
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 4, 2007
Referred to the House Committee on Ways and Means.
Oct 4, 2007
Introduced in House
Plain-English summary
Peace Corps Volunteers Tax Improvement Act of 2007 - Amends the Internal Revenue Code to allow a taxpayer election to suspend the five-year ownership and use requirements for the tax exclusion of gain from the sale of a principal residence during any period in which such taxpayer (or spouse) is serving outside the United States as a Peace Corps employee or volunteer.
Directs the Secretary of the Treasury, in consultation with the Director of the Peace Corps, to publish guidance on allowable tax deductions related to Peace Corps service.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1