US HB4930 | 2009-2010 | 111th Congress
Status
Sponsorship: Partisan Bill (Republican 1)
Status: Introduced on March 24 2010 - 25% progression, died in committee
Action: 2010-03-24 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 24 2010 - 25% progression, died in committee
Action: 2010-03-24 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Amends the Internal Revenue Code to exclude from gross income gain from the sale or exchange of real property which is acquired within one year of the enactment of this Act, is held by the taxpayer and used as a dwelling unit for at least two years, and is located in a high foreclosure rate area, as determined by the Secretary of the Treasury. Limits the amount of gain excludable to $50,000 ($100,000 in the case of a joint return).
Title
To amend the Internal Revenue Code of 1986 to provide a partial exclusion from gross income of gain from the sale of non-principal residences.
Sponsors
| Sen. Dean Heller [R-NV] |
History
| Date | Chamber | Action |
|---|---|---|
| 2010-03-24 | Referred to the House Committee on Ways and Means. |
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/111th-congress/house-bill/4930/all-info |
| Text | https://www.congress.gov/111/bills/hr4930/BILLS-111hr4930ih.pdf |
