I 
115TH CONGRESS 
1ST SESSION H. R. 3366 
To amend the Internal Revenue Code of 1986 to allow, in certain cases, 
an increase in the limitation on the exclusion for gains from a sale 
or exchange of a principal residence. 
IN THE HOUSE OF REPRESENTATIVES 
JULY 24, 2017 
Mr. GOTTHEIMER (for himself and Mr. KATKO) 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 allow, 
in certain cases, an increase in the limitation on the 
exclusion for gains from a sale or exchange of a principal 
residence. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Senior Housing Im-
provement and Retirement Accounts Act of 2017’’ or the 
‘‘Senior Housing IRA Act of 2017’’. 
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SEC. 2. INCREASE IN EXCLUSION LIMITATION FOR GAINS 
FROM CERTAIN SALES OF PRINCIPAL RESI-
DENCES. 
(a) IN GENERAL.—Subsection (b) of section 121 of 
the Internal Revenue Code of 1986 is amended by adding 
at the end the following new paragraph: 
‘‘(6) SPECIAL
RULES
FOR
CERTAIN
TAX-
PAYERS.— 
‘‘(A) IN GENERAL.—In the case of a quali-
fied individual, paragraph (1) shall be applied 
by inserting ‘the sum of’ before ‘$250,000’ and 
by inserting ‘and the amount treated under 
paragraph (8) of section 408A(c) as a qualified 
rollover contribution to a Roth IRA of the 
qualified individual referred to in paragraph 
(6)(A)’ after ‘$250,000’. 
‘‘(B) QUALIFIED INDIVIDUAL.—The term 
‘qualified individual’ means, with respect to a 
sale or exchange of property to which sub-
section (a) applies, an individual who— 
‘‘(i) has attained the age of 55 before 
the date of such sale or exchange, 
‘‘(ii) has owned and used the property 
as such individual’s principal residence for 
a period of not less than 20 years, and 
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‘‘(iii) has not previously elected to 
treat a contribution to a Roth IRA as a 
qualified rollover contribution under para-
graph (8) of section 408A(c). 
In the case of a joint return, ownership and use 
of the property by an individual’s spouse shall 
be taken into account as ownership and use by 
such individual.’’. 
(b) REMOVING ROTH IRA CONTRIBUTION LIMITS.— 
(1) IN
GENERAL.—Subsection (c) of section 
408A of such Code is amended by adding at the end 
the following new paragraph: 
‘‘(8) PROCEEDS FROM SALES OF CERTAIN RESI-
DENCES TREATED AS ROLLOVER CONTRIBUTIONS.— 
‘‘(A) IN GENERAL.—In the case of a quali-
fied individual (as defined in subsection 
(b)(6)(B) of section 121), a contribution to a 
Roth IRA of gain from a sale or exchange of 
property described in subsection (a) of such sec-
tion may be treated, at the election of such tax-
payer, as a qualified rollover contribution from 
a Roth IRA for purposes of this section. 
‘‘(B) LIMITATION.—The amount of gain 
that may be treated as a qualified rollover con-
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tribution under subparagraph (A) for a tax-
payer may not exceed the excess of— 
‘‘(i) the gain from the sale or ex-
change described in subparagraph (A), 
over 
‘‘(ii) the amount that would (without 
regard to paragraph (6) of subsection (b) 
of such section) be excluded from gross in-
come under subsection (a) of section 
121.’’. 
(c) EFFECTIVE DATE.—The amendment made by 
this section shall apply with respect to sales or exchanges 
of property in taxable years beginning after the date of 
the enactment of this Act. 
Æ 
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