HR 331

112th CONGRESS
1st Session

H. R. 331

To amend the Internal Revenue Code of 1986 to provide a one-time increase in the amount excludable from the sale of a principal residence by taxpayers who have attained age 50.

IN THE HOUSE OF REPRESENTATIVES

January 19, 2011

Mr. FILNER 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 provide a one-time increase in the amount excludable from the sale of a principal residence by taxpayers who have attained age 50.

SECTION 1. SHORT TITLE.

SEC. 2. INCREASE IN EXCLUSION OF GAIN FROM SALE OF PRINCIPAL RESIDENCE BY TAXPAYERS WHO HAVE ATTAINED AGE 50.

END