To amend the Internal Revenue Code of 1986 to provide an increased exclusion of gain from the sale of a principal residence by certain widows and widowers.
About This Bill
Committee
Latest Action · July 28, 2006
Referred to the House Committee on Ways and Means.
Amends the Internal Revenue Code to increase from $250,000 to $500,000 the maximum exclusion from gross income of the gain from the sale or exchange of a principal residence by a widow or widower within one year of a spouse's death.
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