ASSUMING FIRST SPONSORSHIP - Mr. Alford asked unanimous consent that he may hereafter be considered as the first sponsor of H.R. 4327, a bill originally introduced by Representative Greene (GA), for the purpose of adding cosponsors and requesting reprintings pursuant to clause 7 of rule XII. Agreed to without objection.
The "No Tax on Home Sales Act" would eliminate the current dollar limits on how much profit homeowners can exclude from federal taxes when they sell their primary residence. Currently, homeowners can exclude up to $250,000 in gains from taxation (or $500,000 for married couples filing jointly), but this bill would remove those caps entirely, allowing homeowners to exclude all gains from the sale of their principal residence regardless of how much profit they make. The legislation would apply to home sales occurring after the bill is enacted and affects any homeowner selling a primary residence. The bill has no specific funding requirements since it reduces tax revenue rather than spending money. It was introduced in July 2025 and referred to the House Ways and Means Committee for consideration.
Take Action
Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.