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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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 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
 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.

 Committees of jurisdiction 1