A bill to amend the Internal Revenue Code of 1954 with respect to the exclusion from income of gain from the sale of an individual's principal residence.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow a one-time tax exclusion of up to $100,000 of the gain from the sale or exchange of a property used by a taxpayer as his principal residence for at least two years during the three year period prior to the date of the sale or exchange.…