A bill to amend section 121 of the Internal Revenue Code of 1954 to provide that the exclusion from gross income of gain on the sale of a principal residence held for more than 5 years provided by that section will be available without regard to the age of the taxpayer.

[AI summary unavailable — showing source text] Provides that the exclusion from gross income of gain on the sale of a principal residence held for more than 5 years pursuant to the Internal Revenue Code will be available without regard to the age of the taxpayer. (Amends 26 U.S.C. 121(a))…