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.
Sponsor
Full profile: /officials/M000317
Source: Congress.gov · FEC
Cosponsors (0)
Members who have signed on to support this bill since introduction. Source: Congress.gov.
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.
Latest Action
The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →
Committee Activity
Currently in
- House Committee on Ways and MeansReferred To · 2026-05-29
Plain-English Summary
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.
AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.
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