H.R. 200 (105th): Homeowners Relief Act of 1997

Jan 07, 1997 (105th Congress, 1997–1998)
Died (Referred to Committee)
Sue Kelly
Representative for New York's 19th congressional district
Read Text »
Last Updated
Jan 07, 1997
4 pages
Related Bills
H.R. 3570 (104th) was a previous version of this bill.

Referred to Committee
Last Action: Jun 04, 1996

H.R. 2014 (Related)
Taxpayer Relief Act of 1997

Signed by the President
Aug 05, 1997


This bill was introduced on January 7, 1997, in a previous session of Congress, but was not enacted.

Introduced Jan 07, 1997
Referred to Committee Jan 07, 1997
Full Title

To amend the Internal Revenue Code of 1986 to provide that gain on the sale of a principal residence shall be excluded from gross income without regard to the age of the taxpayer or the amount of the gain.


No summaries available.

22 cosponsors (18R, 4D) (show)

House Ways and Means

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Primary Source

THOMAS.gov (The Library of Congress)

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H.R. stands for House of Representatives bill.

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The bill’s title was written by its sponsor.

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.

Homeowners Relief Act of 1997 - Amends the Internal Revenue Code to exclude gain from the sale or exchange of a principal residence by an individual from gross income if, during the seven-year period ending before the sale or exchange, such residence has been owned and used by the taxpayer as the taxpayer's principal residence for periods aggregating five years or more.
(Currently, the exclusion has a dollar limitation, is applicable to only one sale, and is available only to an individual who has attained the age of 55 and has used the property as a principal residence for three of the five years preceding the sale.)

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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