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More Homes on the Market Act

H.R. 1340 Rep. Jimmy Panetta (D-CA-19) In committee
Bill text PDF
  1. Introduced Feb 13
  2. Committee Feb 13
  3. Passed House Next
  4. Passed Senate Not yet
  5. To President Not yet
  6. Law Not yet
Where it stands
In committee, Feb 13, 2025Next: House vote
621d ago Feb 13, 2025: Referred to the House Committee on Ways and Means.
Final votes
No roll callsNo recorded vote on this bill yet
Lobbying
1company, 8 filings
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Member trades
12trades in the last 90 days
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Companies lobbying on this bill

1 company
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Consumer & Retail 1
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Summary

More Homes on the Market Act

Full summary2 paragraphs

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.

Library of Congress summary, Feb 13, 2025

Summary versions
  • Introduced in HouseFeb 13, 2025

Official record from Congress.gov, the House Clerk and the Senate; lobbying from Lobbying Disclosure Act filings. Updated Oct 27, 2026.