H.R.755 - To amend the Internal Revenue Code of 1986 to exclude from gross income the gain from the sale or exchange of certain residences acquired before 2013.

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  • Official: To amend the Internal Revenue Code of 1986 to exclude from gross income the gain from the sale or exchange of certain residences acquired before 2013. as introduced.

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Bill's Views

  • Today: 3
  • Past Seven Days: 6
  • All-Time: 900
 
Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
01/27/09
 
 
 
 
 
 
 

Sponsor

Representative

Ken Calvert

R-CA

No Co-Sponsors

Official Summary

1/28/2009--Introduced.Amends the Internal Revenue Code to allow an individual taxpayer an exclusion from gross income of the gain from the sale or exchange of up to two residences (other than a principal residence) acquired after December 31, 2008, and before January 1, 2012. Limits the am

Official Summary

1/28/2009--Introduced.Amends the Internal Revenue Code to allow an individual taxpayer an exclusion from gross income of the gain from the sale or exchange of up to two residences (other than a principal residence) acquired after December 31, 2008, and before January 1, 2012. Limits the amount of such exclusion to $250,000 ($500,000 for married taxpayers filing a joint return). Allows a $500,000 exclusion amount for a surviving spouse who sells a residence within two years of the death of a spouse.

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Recent Blog Coverage

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02/16/11
H.R.755: Investing in Our Future Act of 2011 - U.S. Congress ...

The proposed bill would impose a 0.005% tax on the value of the currency (if greater than $10000 USD) acquired in a currency exchange transaction. The revenue generated by this tax would be directed . . . -. Source: http://globalhealth.kff.org/ .... OpenCo

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09/15/10
House Vote: HR 755 Promoting Transparency in Financial Reporting ...

27 Feb 2007

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09/15/10
H.R. 755 [110th]: Promoting Transparency in Financial Reporting ...

27 Feb 2007

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