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H.R. 1922 · 108th Congress

Fair Taxes for Seniors Act

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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Never voted on. It didn't reach a floor vote before the 108th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

No cosponsors.

Fair Taxes for Seniors Act - Amends the Internal Revenue Code to provide a one-time increase ($500,000) in the exclusion of gain from the sale of a principal residence by a taxpayer who has attained the age of 50 before such sale. (States that in the case of a joint return only one spouse need satisfy the age requirement.)

What it does: CRS summary · Introduced in House · May 1, 2003
Fair Taxes for Seniors Act - Amends the Internal Revenue Code to provide a one-time increase ($500,000) in the exclusion of gain from the sale of a principal residence by a taxpayer who has attained the age of 50 before such sale. (States that in the case of a joint return only one spouse need satisfy the age requirement.)

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Fair Taxes for Seniors Act

Latest action (Jun 5, 2003): Sponsor introductory remarks on measure. (CR H5033)

Policy area: Taxation · Origin: House · Introduced: May 1, 2003

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.