HR 3520 · 111th Congress · Taxation

To amend the Internal Revenue Code of 1986 to exclude capital gains on sales and exchanges of residences purchased in a foreclosure sale.

Introduced 2009-07-31· Sponsored by Rep. Smith, Adrian [R-NE-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2009-07-31)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exclude from gross income gain from the sale or exchange of a residential property acquired at foreclosure or by operation of law after default on a mortgage.…

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

Cosponsors (2)

2 Republicans
Rep. Rohrabacher, Dana [R-CA-46]CA
Rep. Lance, Leonard [R-NJ-7]NJ