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

Introduced:
Jan 07, 1997 (105th Congress, 1997–1998)
Status:
Died (Referred to Committee)
Sponsor
Sue Kelly
Representative for New York's 19th congressional district
Party
Republican
Text
Read Text »
Last Updated
Jan 07, 1997
Length
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

 
Status

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

Progress
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.

Summary

No summaries available.

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

House Ways and Means

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

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

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


1/7/1997--Introduced.
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

The House Democratic Caucus does not provide summaries of bills.

So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.

We’ll be looking for a source of summaries from the other side in the meanwhile.

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