119 HR 4327 IH: No Tax on Home Sales Act U.S. House of Representatives 2025-07-10 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I 119th CONGRESS 1st Session H. R. 4327 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.

1.

Short title

This Act may be cited as the No Tax on Home Sales Act.

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.