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HR 7561 96th Congress House Taxation Capital gains tax Housing and Community Development Housing and Housing Finance Income tax Residential mobility Tax exclusion

A bill to amend the Internal Revenue Code of 1954 to eliminate the age requirement for eligibility for the one-time exclusion of gain from the sale of a principal residence.

Introduced: June 12, 1980 Introduced by: Grassley, Chuck Republican · Iowa See on congress.gov
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This bill died when the 96th Congress ended
It never became law before the 96th Congress (1979–1980) 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
Jun 12, 1980
Referred to House Committee on Ways and Means.
Jun 12, 1980
Introduced in House
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 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to eliminate the age requirement for the one-time exclusion of gain from the sale or exchange of a principal residence.

What's happening now June 12, 1980

Referred to House Committee on Ways and Means.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 7561: A bill to amend the Internal Revenue Code of 1954 to eliminate the age requirement for eligibility for the one-time exclusion of gain from the sale of a principal residence.. 96th Congress. Open America. https://openamerica.io/bill/96-HR-7561/
MLA
"H.R. 7561: A bill to amend the Internal Revenue Code of 1954 to eliminate the age requirement for eligibility for the one-time exclusion of gain from the sale of a principal residence.." 96th Congress, 2026, Open America, https://openamerica.io/bill/96-HR-7561/.
Bluebook (legal)
H.R. 7561, 96th Cong. (2026), https://openamerica.io/bill/96-HR-7561/.
Markdown link
[H.R. 7561: A bill to amend the Internal Revenue Code of 1954 to eliminate the age requirement for eligibility for the one-time exclusion of gain from the sale of a principal residence.](https://openamerica.io/bill/96-HR-7561/)
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