No Tax on Home Sales Act

AI Summary

No AI Summary Available

Click the button above to generate an AI-powered summary of this bill using Claude.

The summary will analyze the bill's key provisions, impact, and implementation details.

Latest Action

Jul 10, 2025

Referred to the House Committee on Ways and Means.

Actions (3)

Referred to the House Committee on Ways and Means.

Type: IntroReferral | Source: House floor actions | Code: H11100

Jul 10, 2025

Introduced in House

Type: IntroReferral | Source: Library of Congress | Code: Intro-H

Jul 10, 2025

Introduced in House

Type: IntroReferral | Source: Library of Congress | Code: 1000

Jul 10, 2025

Subjects (1)

Taxation (Policy Area)

Cosponsors (2 of 3)

Rep. Taylor, David J. [R-OH-2]

(R-OH)
Sep 15, 2025

Rep. Owens, Burgess [R-UT-4]

(R-UT)
Jul 14, 2025

Showing latest 2 cosponsors

Text Versions (1)

Introduced in House

Jul 10, 2025

PDF ↗ XML ↗

Full Bill Text

Length: 2,019 characters Version: Introduced in House Version Date: Jul 10, 2025 Last Updated: Nov 15, 2025 6:04 AM

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4327 Introduced in House

(IH) ]

<DOC>

119th CONGRESS
1st Session
H. R. 4327

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.

_______________________________________________________________________

IN THE HOUSE OF REPRESENTATIVES

July 10, 2025

Ms. Greene of Georgia introduced the following bill; which was referred
to the Committee on Ways and Means

_______________________________________________________________________

A BILL

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.

Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,

SECTION 1.

This Act may be cited as the ``No Tax on Home Sales Act''.

SEC. 2.

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) 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) 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.
<all>

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4327 Introduced in House

    (IH) ]

<DOC>

119th CONGRESS
 1st Session
 H. R. 4327

 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.

_______________________________________________________________________

 IN THE HOUSE OF REPRESENTATIVES

 July 10, 2025

Ms. Greene of Georgia introduced the following bill; which was referred 
 to the Committee on Ways and Means

_______________________________________________________________________

 A BILL

 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.

 Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

 This Act may be cited as the ``No Tax on Home Sales Act''.

SEC. 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.
 <all>

View original source ↗

119-hr4327