3.0.0 3764 2023-01-11T20:24:27Z 2023-01-11T20:24:27Z House H HR 2007-10-04 110 hswm00 Ways and Means Committee House Standing Referred to 2007-10-04T14:01:10Z 2007-10-04 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2007-10-04 Introduced in House IntroReferral Intro-H 9 Library of Congress 2007-10-04 Introduced in House IntroReferral 1000 9 Library of Congress M000404 Rep. McDermott, Jim [D-WA-7] JIM MCDERMOTT D WA 7 N V000128 Rep. Van Hollen, Chris [D-MD-8] Chris Van Hollen D MD 8 2007-10-04 True Taxation Americans in foreign countries Capital gains tax Federal employees Government Operations and Politics Government publicity Home ownership Housing and Community Development Income tax International Affairs Peace Corps Social Welfare Tax deductions Tax exclusion Volunteer workers Taxation 00 2007-10-04 Introduced in House 2007-11-21T16:27:52Z Peace Corps Volunteers Tax Improvement Act of 2007 - Amends the Internal Revenue Code to allow a taxpayer election to suspend the five-year ownership and use requirements for the tax exclusion of gain from the sale of a principal residence during any period in which such taxpayer (or spouse) is serving outside the United States as a Peace Corps employee or volunteer.

Directs the Secretary of the Treasury, in consultation with the Director of the Peace Corps, to publish guidance on allowable tax deductions related to Peace Corps service.

]]> Peace Corps Volunteers Tax Improvement Act of 2007 Official Title as Introduced To amend the Internal Revenue Code of 1986 to suspend the 5-year period relating to the exclusion of gain on the sale of a principal residence during a period of service with the Peace Corps. Introduced in House IH Display Title Peace Corps Volunteers Tax Improvement Act of 2007 Short Titles as Introduced Peace Corps Volunteers Tax Improvement Act of 2007 Introduced in House 2007-10-04T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr3764ih/xml/BILLS-110hr3764ih.xml 2007-10-04 Referred to the House Committee on Ways and Means. 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. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.