HR 607 · 97th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to allow individuals under age 55 to elect the one-time exclusion of gain from sale of principal residence.

Introduced 1981-01-05· Sponsored by Rep. Rousselot, John H. [R-CA-26]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1981-01-05)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow individuals under age 55 to elect the one-time exclusion of gain from sale or exchange of a principal residence.…

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