H. R. 1340
Introduced in House · March 13, 2025February 13, 2025
Mr. Panetta (for himself, Mr. Kelly of Pennsylvania, Ms. Malliotakis, Mr. Yakym, Mr. Correa, Ms. DelBene, Ms. Scholten, Ms. Brownley, Ms. Salazar, Mr. Mullin, Mr. Issa, Mr. Harder of California, Mr. Bacon, Ms. McCollum, Mr. Goldman of New York, Mr. Rutherford, Mr. Costa, Ms. Barragán, Mr. Swalwell, Mr. Lawler, Ms. De La Cruz, Ms. Pettersen, Ms. Ansari, Mr. Liccardo, Mr. Gottheimer, Mr. Thanedar, Mr. Carbajal, and Mr. Fitzpatrick) 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 increase the exclusion of gain from the sale of a principal residence, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. Short title.
This Act may be cited as the “More Homes on the Market Act”.