To amend the Internal Revenue Code of 1986 to temporarily increase the capital gains exclusion for any qualifying senior who sells a principal residence during a qualifying year, and for other purposes.

Nicole Malliotakis

Republican · NY · Representative

Source: Congress.gov · FEC

No cosponsors on record. Bills can pass without cosponsors — this often means the sponsor introduced the bill alone, either because it's a messaging bill, a chairman's mark, or simply early in the legislative cycle.

Referred to the House Committee on Ways and Means.

2026-05-29

Source: Congress.gov

This proposal would allow older homeowners to exclude more of their profits from taxes when they sell their primary residence during certain years, reducing the capital gains taxes they owe on the sale. The tax break would be temporary and apply only to seniors who meet specific eligibility requirements. The change would primarily benefit older Americans downsizing or relocating by letting them keep more of the money from their home sale.

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