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HR 3520 111th Congress House Taxation Capital gains tax Housing finance and home ownership Income tax exclusion

To amend the Internal Revenue Code of 1986 to exclude capital gains on sales and exchanges of residences purchased in a foreclosure sale.

Introduced: July 31, 2009 Introduced by: Smith, Adrian Republican · Nebraska See on congress.gov
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) 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
Jul 31, 2009
Referred to the House Committee on Ways and Means.
Jul 31, 2009
Introduced in House
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 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to exclude from gross income gain from the sale or exchange of a residential property acquired at foreclosure or by operation of law after default on a mortgage.

What's happening now July 31, 2009

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 3520: To amend the Internal Revenue Code of 1986 to exclude capital gains on sales and exchanges of residences purchased in a foreclosure sale.. 111th Congress. Open America. https://openamerica.io/bill/111-HR-3520/
MLA
"H.R. 3520: To amend the Internal Revenue Code of 1986 to exclude capital gains on sales and exchanges of residences purchased in a foreclosure sale.." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-3520/.
Bluebook (legal)
H.R. 3520, 111th Cong. (2026), https://openamerica.io/bill/111-HR-3520/.
Markdown link
[H.R. 3520: To amend the Internal Revenue Code of 1986 to exclude capital gains on sales and exchanges of residences purchased in a foreclosure sale.](https://openamerica.io/bill/111-HR-3520/)
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