A bill to amend section 121 of the Internal Revenue Code of 1954 to increase the exclusion from the sale of a residence by an individual who is 65 years old or older.

[AI summary unavailable — showing source text] Increases, under the Internal Revenue Code, from $20,000 to $30,000, the exclusion from gross income of gain from the sale of a residence by an individual who is sixty-five years old or older.…