HR 7630 · 95th Congress · Taxation

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.

Introduced 1977-06-06· Sponsored by Rep. St Germain, Fernand J. [D-RI-1]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1977-06-06)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to provide that the entire amount of the gain from certain involuntary conversions of the principal residences of individuals aged 65 or more shall be excluded from gross income.…

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