HR 2528 · 94th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to permit individuals an itemized deduction for losses incurred in the sale or exchange of certain principal residences.

Introduced 1975-01-31· Sponsored by Rep. Moorhead, Carlos J. [R-CA-22]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1975-01-31)

Plain Language Summary

[AI summary unavailable — showing source text] Permits individuals an itemized tax deduction under the Internal Revenue Code of 1954 for losses incurred in the sale or exchange of principal residences owned and used by the taxpayer for periods aggregating 5 years out of the 8 years preceding the sale.…

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