HR 7075 · 97th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to provide a one-time exclusion of gain from the sale of a principal residence by a taxpayer who engages in such sale because he or a member of his family has become disabled, and for other purposes.

Introduced 1982-09-09· Sponsored by Rep. Bailey, Donald A. [D-PA-21]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1982-09-09)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to extend the one-time exclusion of gain from the sale of a principal residence for persons aged 55 or over to a taxpayer who sells because the taxpayer or a member of the taxpayer's family has become disabled.…

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

Cosponsors (1)

1 Democrat
Rep. Matsui, Robert T. [D-CA-3]CA