HR4327
Introduced
No Tax on Home Sales Act
- Federal
- House
- Introduced Jul 10, 2025
- Session 119
Bill Text
Version IHThis Act may be cited as the No Tax on Home Sales Act.
Section 121(b) of the Internal Revenue Code of 1986 is amended—
by striking paragraphs (1), (2), and (4), and
by redesignating paragraphs (3) and (5) as paragraphs (1) and (2), respectively.
Section 121(c) of such Code is amended—
in paragraph (1), by striking , and subsection (b)(3) and all that follows through 2 years and inserting , and subsection (b)(1), shall not apply, and
in paragraph (2)(A)(ii), by striking subsection (b)(3) and inserting subsection (b)(1).
The amendments made by this section shall apply to sales and exchanges after the date of the enactment of this Act.
Section 121(b) of the Internal Revenue Code of 1986 is amended—
by striking paragraphs (1), (2), and (4), and
by redesignating paragraphs (3) and (5) as paragraphs (1) and (2), respectively.
Section 121(c) of such Code is amended—
in paragraph (1), by striking , and subsection (b)(3) and all that follows through 2 years and inserting , and subsection (b)(1), shall not apply, and
in paragraph (2)(A)(ii), by striking subsection (b)(3) and inserting subsection (b)(1).
The amendments made by this section shall apply to sales and exchanges after the date of the enactment of this Act.
Legislative Timeline
4 actions-
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.
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Introduced in House
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Introduced in House
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Referred to the House Committee on Ways and Means.