BillsHH.R. 1340

More Homes on the Market Act

119th CongressIntroduced February 13, 2025Rep. Panetta, Jimmy [D-CA-19]· CA-19
Stage
In committee
Latest action
Referred to the House Committee on Ways and Means.
February 13, 2025

Summary

More Homes on the Market Act This bill increases the amount of gain from the sale of a principal residence that an individual may exclude from gross income (for federal tax purposes).

Committees

  • PrimaryWays and Means Committee

Action history

  1. February 13, 2025Introduced in House
  2. February 13, 2025Introduced in House
  3. February 13, 2025Referred to the House Committee on Ways and Means.

Cosponsors (137)

Text versions

Related bills

  • H.R. 6900related
    American Affordability Act of 2025
  • S. 3332related
    More Homes on the Market Act