HR 1026 · 105th Congress · Taxation

To amend the Internal Revenue Code of 1986 to allow a capital loss deduction with respect to the sale of a principal residence.

Introduced 1997-03-11· Sponsored by Rep. Packard, Ron [R-CA-48]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1997-03-11)

Plain Language Summary

[AI summary unavailable — showing source text] Allows an individual to deduct losses arising from the sale or exchange of the taxpayer's principal residence.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (20)

4 Democrats16 Republicans
Rep. Kennelly, Barbara B. [D-CT-1]CT
Rep. Pappas, Michael [R-NJ-12]NJ
Rep. Foley, Mark [R-FL-16]FL
Rep. Baker, Richard H. [R-LA-6]LA
Rep. Barcia, James A. [D-MI-5]MI
Rep. Filner, Bob [D-CA-50]CA
Rep. Kelly, Sue W. [R-NY-19]NY
Rep. McKeon, Howard P. "Buck" [R-CA-25]CA
Rep. Sensenbrenner, F. James, Jr. [R-WI-9]WI
Rep. Shays, Christopher [R-CT-4]CT
Rep. Weldon, Curt [R-PA-7]PA
Rep. Maloney, James H. [D-CT-5]CT
Rep. Johnson, Nancy L. [R-CT-6]CT
Rep. Canady, Charles T. [R-FL-12]FL
Rep. English, Phil [R-PA-21]PA
Rep. Callahan, Sonny [R-AL-1]AL
Rep. Bliley, Tom [R-VA-7]VA
Rep. Graham, Lindsey [R-SC-3]SC
Rep. Cunningham, Randy (Duke) [R-CA-51]CA
Rep. Horn, Stephen [R-CA-38]CA