Pulse of the Hill

The Definitive Fly-In Directory

AboutAlertsAdd Your Fly-InSign in

Bill Detail

H.R. 1340

Congress: 119

Title

More Homes on the Market Act

Summary

More Homes on the Market Act This bill increases the amount of gain from the sale of a principal residence that an individual may exclude from gross income (for federal tax purposes). Under the bill, an individual may exclude from gross income gain from the sale of a principal residence of up to $500,000 (currently $250,000), and taxpayers who are married and file a joint federal income tax return may exclude up to $1 million (currently $500.000). The bill also requires these amounts to be adjusted annually for inflation.

Sponsor

Rep. Jimmy Panetta [D-CA-19]

Status

Referred to the House Committee on Ways and Means.

Status as of Jun 29, 11:33 AM · synced 9h ago

Introduced

2025-02-13

Open on Congress.govCongress.gov searchBack to directory

Data source mode: cache

Bill Engagement

Lobbyists on the case

5 orgs · 45 lobbyists · 15 filings mention H.R. 1340 (More Homes on the Market Act) in LDA disclosures.
Top orgs filing