HR 1481

112th CONGRESS
1st Session

H. R. 1481

To amend the Internal Revenue Code of 1986 to encourage the purchase of residential property by providing an exclusion from tax on certain gains.

IN THE HOUSE OF REPRESENTATIVES

April 12, 2011

Mr. POLIS (for himself and Mr. COFFMAN of Colorado) introduced the following bill; which was referred to the Committee on Ways and Means


A BILL

To amend the Internal Revenue Code of 1986 to encourage the purchase of residential property by providing an exclusion from tax on certain gains.

SECTION 1. SHORT TITLE.

SEC. 2. EXCLUSION OF CERTAIN CAPITAL GAINS ON RESIDENTIAL PROPERTY.

`SEC. 139D. CAPITAL GAINS ON CERTAIN RESIDENTIAL PROPERTY.

END