A bill to amend the Internal Revenue Code of 1954 to exclude from gross income the entire amount of the gain from certain involuntary conversions of the principal residences of individuals who have attained age 65.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow taxpayers who have attained the age of 65 to exclude the total gain realized from the sale or exchange of a qualified residence, without regard to its adjusted sales price, where it is converted involuntarily as the result of an actual or proposed requisition or condemnation.…