To amend the Internal Revenue Code of 1986 to increase the amount excluded from gain on the sale of a principal residence for both single and joint filers to $1,000,000.
Amends the Internal Revenue Code to increase to $1 million the exclusion from gain on the sale of a personal residence and makes such exclusion available to both single and joint filers.
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May 3, 2001
Referred to the House Committee on Ways and Means.