American Dream Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 7051 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 7051 To amend the Internal Revenue Code of 1986 to exclude from gross income gains on the sale of real property to first-time homebuyers by individuals who have attained age 65. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES January 14, 2026 Mr. McGuire (for himself, Mr. Barrett, Mr. Stauber, Mr. Stutzman, Mr. Schmidt, Mr. Mackenzie, Mr. Hamadeh of Arizona, Mrs. Miller-Meeks, and Mrs. Cammack) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to exclude from gross income gains on the sale of real property to first-time homebuyers by individuals who have attained age 65. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``American Dream Act''. SEC. 2. EXCLUSION FROM GROSS INCOME OF GAINS ON THE SALE …