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 Aug 3, 5:20 AM · synced 11d ago
Introduced
2025-02-13
Data source mode: congress-gov
Bill Engagement
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 purp…
Lobbyists on the case
- Invariant LLC5 filings · 3 lobs
- Ashley O'Sullivan2026 Q1
- Mary Stanton2026 Q1
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