HR 3065 · 95th Congress · Taxation

Pay-As-You-Go Social Security and Prosperity Insurance Act

Introduced 1977-02-02· Sponsored by Rep. McKinney, Stewart B. [R-CT-4]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1977-02-02)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to repeal the taxpayer's age requirement (65 years) and the dollar limitation on the adjusted sales price ($35,000) for the exclusion from gross income of gain realized on the sale of the taxpayer's principal residence.…

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

Cosponsors (15)

7 Democrats8 Republicans
Rep. Anderson, John B. [R-IL-16]
Rep. Burgener, Clair W. [R-CA-43]
Rep. Collins, James M. [R-TX-3]
Rep. Duncan, John J. [R-TN-2]
Rep. Harrington, Michael J. [D-MA-6]
Rep. Howard, James J. [D-NJ-3]
Rep. Hyde, Henry J. [R-IL-6]
Rep. LaFalce, John J. [D-NY-36]
Rep. Lagomarsino, Robert J. [R-CA-19]
Rep. Lehman, William [D-FL-13]
Rep. Martin, James G. [R-NC-9]
Rep. Mathis, Dawson [D-GA-2]
Rep. Mollohan, Robert H. [D-WV-1]WV
Rep. Sarasin, Ronald A. [R-CT-5]
Rep. Thompson, Frank, Jr. [D-NJ-4]