A bill to extend from 1 year to 2 years the maximum period which may elapse between the sale of a residence and the purchase of another in order that gain from such sale will not be recognized for Federal income tax purposes.

Extends from 1 year to 2 years the maximum period which may elapse between the sale of a residence and the purchase of another in order that the gain from such sale will not be recognized under the Internal Revenue Code for Federal income tax purposes.