No Tax on Home Sales Act

Bill: 119-hr-4327
Sponsor: full_name: Rep. Greene, Marjorie Taylor [R-GA-14]
Introduced: 2025-07-10
Policy area: Taxation
Latest action: action_date: 2025-07-10
text: Referred to the House Committee on Ways and Means.

Summaries:

tv_txt: I 119th CONGRESS 1st Session H. R. 4327 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.

1. Short title This Act may be cited as the No Tax on Home Sales Act . 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.