119-HR4327
No Tax on Home Sales Act
Last action was on 7-10-2025
SenateCurrent status is Referred to the House Committee on Ways and Means.
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119th CONGRESS
1st Session
H. R. 4327
1. Short title2. Elimination of dollar limitations on exclusion of gain from sales of principal residences1. Short title
This Act may be cited as the "No Tax on Home Sales Act".
2. Elimination of dollar limitations on exclusion of gain from sales of principal residences
(a) In general - Section 121(b) of the Internal Revenue Code of 1986 is amended—
(1) - by striking paragraphs (1), (2), and (4), and
(2) - by redesignating paragraphs (3) and (5) as paragraphs (1) and (2), respectively.
(b) Conforming amendments - Section 121(c) of such Code is amended—
(1) - in paragraph (1), by striking ", and subsection (b)(3)" and all that follows through "2 years" and inserting ", and subsection (b)(1), shall not apply", and
(2) - in paragraph (2)(A)(ii), by striking "subsection (b)(3)" and inserting "subsection (b)(1)".
(c) Effective date - The amendments made by this section shall apply to sales and exchanges after the date of the enactment of this Act.