arrow_back Civic Audit
Share share

Elimination of Dollar Limitations on Principal Residence Sale Gain Exclusion

This bill amends the Internal Revenue Code of 1986 to eliminate the dollar limitations on the exclusion of gain from the sale of principal residences. This modification allows for the exclusion of gain regardless of the amount, subject to statutory requirements. The amendments apply to sales and exchanges occurring after the date of the enactment of the Act.
Key points
The bill removes dollar limitations on the exclusion of gain from the sale of a principal residence.
The amendment affects Section 121 of the Internal Revenue Code of 1986.
The new rules apply to sales and exchanges after the date of the enactment of the Act.
article Official text account_balance Process page notifications_active Track this Bill
Status: Introduced
Civic Will
Checking votes...
I support
I oppose
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens (explained here). Start recording it now.
Additional Information
Print number: 119_HR_7034
Sponsor: Rep. Goldman, Craig A. [R-TX-12]
Process start date: 2026-01-13
System Note: Lustra is free, publicly auditable civic infrastructure — full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source—always verify them if you can.
Summarized by: gemini-3-pro-preview
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

To amend the Internal Revenue Code of 1986 to eliminate the dollar limitations on the exclusion of gain from sales of principal residences, and for other purposes.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_7034.

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 2026-01-13.

What are the main provisions?

Key points include:

  • The bill removes dollar limitations on the exclusion of gain from the sale of a principal residence.
  • The amendment affects Section 121 of the Internal Revenue Code of 1986.
  • The new rules apply to sales and exchanges after the date of the enactment of the Act.
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. Goldman, Craig A. [R-TX-12].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-30.

What is the impact of this bill?

We don't know—that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Taxes Real Estate