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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.
Summary
This bill amends the Internal Revenue Code to eliminate the dollar limitations on the exclusion of capital gains from the federal income tax when individuals sell their principal residence. Currently, homeowners can exclude a set amount of gain from such sales; this bill removes those monetary caps entirely. The bill makes corresponding technical amendments to other sections of the tax code. The changes apply to home sales occurring after the bill is enacted.
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
- Rep. Biggs, Andy [R-AZ-5] (R-AZ)
- Rep. Evans, Gabe [R-CO-8] (R-CO)
- Rep. Haridopolos, Mike [R-FL-8] (R-FL)
- Rep. Hurd, Jeff [R-CO-3] (R-CO)
- Rep. Jackson, Ronny [R-TX-13] (R-TX)
- Rep. Williams, Roger [R-TX-25] (R-TX)
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)
- Jan 13, 2026 Referred to the House Committee on Ways and Means. · house
- 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.
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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