HR 4327 Introduced Re-checks Congress.gov for new actions and updates the bill's status, and fills in any sponsors, committees, or related bills that are missing. It does not re-pull sponsors/cosponsors/committees/related — those rarely change — and it skips all work if nothing has changed upstream, so it's cheap to click.
To amend the Internal Revenue Code of 1986 to eliminate the dollar limitations on the exclusion of gain from sales of principal residences, and for other purposes.
Summary
- Eliminates the dollar cap on capital gains exclusions for the sale of a principal residence, allowing homeowners to exclude all gains from taxation.
- Maintains the existing requirement that a homeowner must have owned and lived in the residence for at least 2 of the last 5 years before the sale.
- Applies to home sales and exchanges completed after the date the bill becomes law.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
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Rep. Greene, Marjorie Taylor (R-GA) [#14]
7 cosponsors
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Rep. Alford, Mark (R-MO) [#4] -
Rep. Correa, J. Luis (D-CA) [#46] -
Rep. Hamadeh, Abraham J. (R-AZ) [#8] -
Rep. Harris, Mark (R-NC) [#8] -
Rep. Mann, Tracey (R-KS) [#1] -
Rep. Owens, Burgess (R-UT) [#4] -
Rep. Taylor, David J. (R-OH) [#2]
Actions (3)
- Jan 21, 2026 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. · house
- Jul 10, 2025 Referred to the House Committee on Ways and Means. · house
- Jul 10, 2025 Introduced in House
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Text versions (1)
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Full text
IN THE HOUSE OF REPRESENTATIVES
July 10, 2025
Ms. Greene of Georgia introduced the following bill; which was referred to the Committee on Ways and Means
A BILL
To amend the Internal Revenue Code of 1986 to eliminate the dollar limitations on the exclusion of gain from sales of principal residences, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “No Tax on Home Sales Act”.
SEC. 2. ELIMINATION OF DOLLAR LIMITATIONS ON EXCLUSION OF GAIN FROM SALES OF PRINCIPAL RESIDENCES.
(a) In General.—Section 121(b) of the Internal Revenue Code of 1986 is amended—
(1) by striking paragraphs (1), (2), and (4), and
(2) by redesignating paragraphs (3) and (5) as paragraphs
(1) and (2), respectively.
(b) Conforming Amendments.—Section 121(c) of such Code is amended—
(1) 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
(2) in paragraph (2)(A)(ii), by striking “subsection
(b)(3)” and inserting “subsection (b)(1)”.
(c) Effective Date.—The amendments made by this section shall apply to sales and exchanges after the date of the enactment of this Act. <all>
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