legislation: 104-hr-3570

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
104-hr-3570 104 hr 3570 Homeowners Relief Act of 1996 Taxation 1996-06-04 1996-06-04 Referred to the House Committee on Ways and Means. House Rep. Kelly, Sue W. [R-NY-19] NY R K000078 0 Homeowners Relief Act of 1996 - Amends the Internal Revenue Code to exclude gain from the sale or exchange of a principal residence by an individual from gross income if, during the seven-year period ending before the sale or exchange, such residence has been owned and used by the taxpayer as the taxpayer's principal residence for periods aggregating five years or more. (Currently, the exclusion has a dollar limitation, is applicable to only one sale, and is available only to an individual who has attained the age of 55 and has used the property as a principal residence for three of the five years preceding the sale.) 2025-08-21T20:16:30Z  

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