More Homes on the Market Act

Sponsored byRep. Panetta, Jimmy [D-CA-19]CA· Introduced 13 février 2025

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147

Cosponsors

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Latest action

Referred to the House Committee on Ways and Means.

13 février 2025·1 year ago

Summary

Introduced in House · Updated 9 septembre 2025

More Homes on the Market Act

This bill increases the amount of gain from the sale of a principal residence that an individual may exclude from gross income (for federal tax purposes).

Under the bill, an individual may exclude from gross income gain from the sale of a principal residence of up to $500,000 (currently $250,000), and taxpayers who are married and file a joint federal income tax return may exclude up to $1 million (currently $500.000). The bill also requires these amounts to be adjusted annually for inflation.

Timeline

3 actions

Referred to the House Committee on Ways and Means.
13 février 2025 · IntroReferral
Introduced in House
13 février 2025 · IntroReferral
Introduced in House
13 février 2025 · IntroReferral

Sponsorship

147 cosponsors

Sponsor

Rep. Panetta, Jimmy [D-CA-19]CA

Cosponsors

Democrat2652%
Republican2448%

Democrat:Rep. Moskowitz, Jared [D-FL-23]FL
Democrat:Rep. Schrier, Kim [D-WA-8]WA
Republican:Rep. Van Orden, Derrick [R-WI-3]WI
Republican:Rep. Smith, Adrian [R-NE-3]NE
Democrat:Rep. Torres, Norma J. [D-CA-35]CA
Republican:Rep. Obernolte, Jay [R-CA-23]CA
Republican:Rep. Finstad, Brad [R-MN-1]MN
Republican:Rep. Van Epps, Matt [R-TN-7]TN
Democrat:Rep. Ross, Deborah K. [D-NC-2]NC
Republican:Rep. Guest, Michael [R-MS-3]MS
Democrat:Rep. Evans, Dwight [D-PA-3]PA
Republican:Rep. Crank, Jeff [R-CO-5]CO
Republican:Rep. Langworthy, Nicholas A. [R-NY-23]NY
Democrat:Rep. Mrvan, Frank J. [D-IN-1]IN
Democrat:Rep. Titus, Dina [D-NV-1]NV
Democrat:Rep. DeSaulnier, Mark [D-CA-10]CA
Democrat:Rep. Sánchez, Linda T. [D-CA-38]CA
Democrat:Rep. Davis, Danny K. [D-IL-7]IL
Republican:Rep. Miller, Max L. [R-OH-7]OH
Democrat:Rep. Castor, Kathy [D-FL-14]FL
Republican:Rep. Hurd, Jeff [R-CO-3]CO
Democrat:Rep. Kennedy, Timothy M. [D-NY-26]NY
Democrat:Rep. Bera, Ami [D-CA-6]CA
Democrat:Rep. Keating, William R. [D-MA-9]MA
Democrat:Rep. Wasserman Schultz, Debbie [D-FL-25]FL
Republican:Rep. LaHood, Darin [R-IL-16]IL
Republican:Rep. Hern, Kevin [R-OK-1]OK
Republican:Rep. Steube, W. Gregory [R-FL-17]FL
Republican:Rep. Murphy, Gregory F. [R-NC-3]NC
Democrat:Rep. Walkinshaw, James R. [D-VA-11]VA
Democrat:Rep. Elfreth, Sarah [D-MD-3]MD
Democrat:Del. Norton, Eleanor Holmes [D-DC-At Large]DC
Democrat:Rep. Mfume, Kweisi [D-MD-7]MD
Democrat:Rep. Subramanyam, Suhas [D-VA-10]VA
Democrat:Rep. Whitesides, George [D-CA-27]CA
Republican:Rep. Carey, Mike [R-OH-15]OH
Democrat:Rep. Frankel, Lois [D-FL-22]FL
Republican:Rep. McGuire, John J. [R-VA-5]VA
Democrat:Rep. Dingell, Debbie [D-MI-6]MI
Democrat:Rep. Sorensen, Eric [D-IL-17]IL
Democrat:Rep. Tokuda, Jill N. [D-HI-2]HI
Republican:Rep. Miller, Carol D. [R-WV-1]WV
Republican:Rep. Smucker, Lloyd [R-PA-11]PA
Republican:Rep. Tenney, Claudia [R-NY-24]NY
Republican:Rep. Barrett, Tom [R-MI-7]MI
Democrat:Rep. Horsford, Steven [D-NV-4]NV
Republican:Rep. Bean, Aaron [R-FL-4]FL
Republican:Rep. Van Duyne, Beth [R-TX-24]TX
Republican:Rep. Fischbach, Michelle [R-MN-7]MN
Republican:Rep. Moran, Nathaniel [R-TX-1]TX

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Classification

Policy area

Taxation

Committees

Ways and Means Committee
House · Standing
- Referred To13 Feb 2025

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