Fair Taxes for Seniors Act - Amends the Internal Revenue Code to provide a one-time increase ($500,000) in the exclusion of gain from the sale of a principal residence by a taxpayer who has attained the age of 50 before such sale. (States that in the case of a joint return only one spouse need satisfy the age requirement.)
Actions
Jun 5, 2003
Sponsor introductory remarks on measure. (CR H5033)
May 9, 2003
Sponsor introductory remarks on measure. (CR E895)
May 1, 2003
Referred to the House Committee on Ways and Means.