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H.R.4132

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Homeowners Exemption Update Act of 2007

To amend the Internal Revenue Code of 1986 to increase the exclusion of gain from the sale or exchange of a principal residence to $1,000,000.

Other Bill Titles (2 more)

11/9/2007--Introduced.
Homeowners Exemption Update Act of 2007 - Amends the Internal Revenue Code to increase to $500,000 the amount of gain from the sale or exchange of a principal residence that may be excluded from gross income for income tax purposes. Allows a $1 million exclusion ... moreSee Full Bill Text

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IntroducedresultVoted on by HouseresultVoted on by SenateresultConsidered By PresidentresultBill Becomes Law
November 09, 2007
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November 19, 2007 Congressman Ron Paul Cosponsors a Tax Relief Bill

HR 4132 is necessary because housing prices are up 104% since the $250000 per single/$500000 per couple exemption was established in 1997, and this would be the first adjustment. The new exemption amount would be $500000 in gains for a ...

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Source: Ron Paul's Brain


November 19, 2007 Press Releases: Congressman Paul Cosponsors A Tax Relief Bill

HR 4132 is necessary because housing prices are up 104% since the $250000 per single/$500000 per couple exemption was established in 1997, and this would be the first adjustment. The new exemption amount would be $500000 in gains for a ...

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Source: Ron Paul 2008


November 18, 2007 Tax Relief Bill, Cosponsor US Rep. Ron Paul

HR 4132 is necessary because housing prices are up 104% since the $250000 per single/$500000 per couple exemption was established in 1997, and this would be the first adjustment. The new exemption amount would be $500000 in gains for a ...

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Source: from Reason to Freedom - Think for Yourself!


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