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HR 7034
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.

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.

Introduced Jan 13, 2026

Latest action (Jan 13, 2026) Referred to the House Committee on Ways and Means.

Referred to
Ways and Means Committee
Policy area
Taxation
Issues
Economy & Taxes

Summary
  • Eliminates the dollar limitations on the exclusion of gain from the sale of a principal residence under the Internal Revenue Code
  • Makes conforming amendments to related provisions of the Internal Revenue Code to reflect the removal of these dollar limitations
  • Amendments take effect for home sales and exchanges after the date of enactment

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)
6 cosponsors

Money behind the sponsor

Top reported contributors to Craig A. Goldman’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.

  • LOCKHEED MARTIN $33,821
  • LMBILP $26,400
  • KELLY HART $26,100
  • DOUBLE EAGLE ENERGY $23,600
  • STUDENT $20,800

Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Craig A. Goldman → · Outside spending →

Actions (2)
  1. Jan 13, 2026 Referred to the House Committee on Ways and Means. · house
  2. Jan 13, 2026 Introduced in House

Similar bills (6)

Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.

  • S 3332 — More Homes on the Market Act · Introduced Dec 3, 2025 · Cong. 119 86%
  • HR 7131 — Middle Class Home Tax Elimination Act · Introduced Jan 16, 2026 · Cong. 119 80%
  • HR 4327 — No Tax on Home Sales Act · Introduced Jan 21, 2026 · Cong. 119 77%
  • S 930 — A bill to amend the Internal Revenue Code of 1986 to exclude from gross income capital gains from the sale of certain farmland property which are reinvested in individual retirement plans. · Introduced Mar 11, 2025 · Cong. 119 74%
  • HR 7400 — Making Homeownership Affordable Again Act · Introduced Feb 5, 2026 · Cong. 119 73%
  • HR 4352 — HOMES Act · Introduced Jul 10, 2025 · Cong. 119 71%

Full text

IN THE HOUSE OF REPRESENTATIVES

January 13, 2026

Mr. Goldman of Texas 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. 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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