HR 1393 · 96th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to allow an individual to exclude from gross income the gain from the sale or exchange of the individual's principal residence.

Introduced 1979-01-24· Sponsored by Rep. Hammerschmidt, John P. [R-AR-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1979-01-24)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to eliminate the age requirement and the adjusted sales price limitation for purposes of the exclusion from gross income of the gain from the sale or exchange of an individual's principal residence.…

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