118th Congress · HOUSE BILLBILL

H.R. 1321 — More Homes on the Market Act

“To amend the Internal Revenue Code of 1986 to increase the exclusion of gain from the sale of a principal residence, and for other purposes.”

Taxation

Introduced Mar 1, 2023

Last action Mar 1, 2023

Pipeline · Bill → Law

Step 1

Introduced

Mar 1, 2023

Step 2

Referred

Mar 1, 2023

Ways & Means

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill increases the tax exclusion of gain from the sale of a principal residence and requires an annual inflation adjustment to such increased amount.

Provisions · 2 sectionsIntroduced in House

Timeline · 2 actions

Mar 1, 2023

Introduced in House

Mar 1, 2023

Referred to the House Committee on Ways and Means.