H.R. 1149 — To amend the Internal Revenue Code of 1986 to provide for the nonrecognition of gain on the sale of a principal residence if the taxpayer is unemployed.

Summary

Amends the Internal Revenue Code to make certain individuals eligible for the one-time exclusion of gain from the sale of a principal residence during a period of unemployment. Reduces the amount of the maximum exclusion for such individuals.

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Legislative Actions

1995-03-07
Introduced in House
1995-03-07
Introduced in House
1995-03-07
Sponsor introductory remarks on measure. (CR E533)
1995-03-07
Referred to the House Committee on Ways and Means.

To amend the Internal Revenue Code of 1986 to provide for the nonrecognition of gain on the sale of a principal residence if the taxpayer is unemployed.

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