HR 12871 · 95th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to reduce from age 65 to age 62 the eligibility requirement for the exclusion of a certain portion of the gain from the sale of a principal residence.

Introduced 1978-05-25· Sponsored by Rep. LaFalce, John J. [D-NY-36]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1978-05-25)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to lower from 65 to 62 the age requirement for the exclusion of gain on the sale or exchange of the taxpayer's principal residence.…

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