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No Tax on Home Sales: Unlimited Exclusion of Gain

This bill aims to remove the dollar limits on the tax exclusion for gains from selling a primary residence. This means citizens selling their homes will no longer pay tax on the profit, regardless of the amount, potentially leading to significant financial savings.
Key points
No tax on profit from selling your main home, regardless of the gain amount.
This change applies to home sales occurring after the law takes effect.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_4327
Sponsor: Rep. Greene, Marjorie Taylor [R-GA-14]
Process start date: 2025-07-10
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Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

No Tax on Home Sales Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_4327.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-07-10.

What are the main provisions?

Key points include:

  • No tax on profit from selling your main home, regardless of the gain amount.
  • This change applies to home sales occurring after the law takes effect.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Greene, Marjorie Taylor [R-GA-14].

What is the latest detailed status?

The latest detailed status is: ASSUMING FIRST SPONSORSHIP - Mr. Alford asked unanimous consent that he may hereafter be considered as the first sponsor of H.R. 4327, a bill originally introduced by Representative Greene (GA), for the purpose of adding cosponsors and requesting reprintings pursuant to clause 7 of rule XII. Agreed to without objection.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Taxes Real Estate