More Homes on the Market Act has not moved since its introduction on Feb 13, 2025, with cosponsors split almost evenly between the parties
IntroducedFeb 13, 2025
Reported—
Passed one chamber—
Passed both—
Law—
What it changes · CRS summary
Written by the Congressional Research Service [2]. 89 words.
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.
Context
- Committees
- House Ways and Means Committee
- Policy area
- Taxation: 20 of 6,214 bills became law, 113th–118th (0.3%)
- Sponsor
- 2 of 212 bills enacted since 2013
- Text versions
- 1: introduced in house · 205 words
- Latest action
- Feb 13, 2025: Referred to the House Committee on Ways and Means.
- Records
- Congress.gov · Bill text
Exhibit 1Passage odds band at each stage, rated when the bill reached it [4]
Related bills · 2
Each bill appears once, under its strongest link. 2 in all.
Related, per CRS or House · 2
- 119th H.R. 6900 American Affordability Act of 2025 D · Introduced
- 119th S. 3332 More Homes on the Market Act R · Introduced
Exhibit 2Articles naming the bill per day, last 90 days, US sources [3]