Marjorie Greene (R-GA)

No Tax on Home Sales Act

H.R. 4327 · House bill Taxation

A Republican bill with 1 Democratic cosponsor · See all 7 cosponsors

Last activity — ASSUMING FIRST SPONSORSHIP - Mr. Alford asked unanimous consent that he may hereafter be considered as the first sponsor of H.R. 4327, a bill originally introduced by Representative Greene (GA), for the purpose of adding cosponsors and requesting reprintings pursuant to clause 7 of rule XII. Agreed to without objection.

Introduced, nothing more yet

Formally proposed, and not yet handed to a committee.

Nearly every bill is sent to a committee within days. Introduction alone is not a sign of support, of momentum, or of any likelihood of passing — any member may introduce any bill.

Its path through Congress

  1. Introduced

What this bill would do

This bill, titled the No Tax on Home Sales Act, aims to change the Internal Revenue Code of 1986. Its primary purpose is to remove the current dollar limits that exist when excluding gains from the sale of a person's principal residence. The legislation includes specific instructions to amend Section 121(b) and Section 121(c) of the Code. These changes would impact how gains from home sales are treated for tax purposes. The amendments are set to apply to sales and exchanges occurring after the Act is enacted.

Yes· 3 of 14

  • Scored +8

    Would high-income households be better off under this?

    High-income households with expensive properties receive the largest absolute dollar amount of tax savings.

  • Scored +8

    Would people with substantial wealth be better off under this?

    The bill greatly benefits high-net-worth individuals who own high-value principal residences.

  • Scored +8

    Would the very wealthiest people be better off under this?

    The removal of limits provides substantial tax advantages for very high-value property owners.

The opposite

  • Scored -3

    Does this reduce what the federal government owes?

    Reducing tax revenue from home sales may negatively impact the federal budget and increase the national debt.

  • Scored -2

    Does this make the government pay for what it commits to?

    The loss of tax revenue could be viewed as a decrease in fiscal responsibility.