H.R. 1799 (100th): A bill to amend the Internal Revenue Code of 1954 to provide that nonrecognition of gain on the sale of a principal residence shall apply where one of the spouses who occupied the old residence dies before occupying the new residence.

Introduced:
Mar 25, 1987 (100th Congress, 1987–1988)
Sponsor:
Rep. Edgar “Ed” Jenkins [D-GA9]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on March 25, 1987, in a previous session of Congress, but was not enacted.

Progress
Introduced Mar 25, 1987
Cosponsors
none
Committees

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

Summary

No summaries available.

Text

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Primary Source

View on THOMAS (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

3/25/1987--Introduced.
Amends Internal Revenue Code income tax provisions relating to the nonrecognition of gain from the sale of a taxpayer's principal residence to provide that in cases when a taxpayer dies after the sale of the old residence and before the purchase of a new one: (1) his or her consent to the allotment, in accordance with regulations, between spouses of certain gain on the sale will be presumed; and (2) the requirement that the new residence be used as the principal residence of the taxpayer will not apply.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.

No summary available.

House Democratic Caucus Summary

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