H.R. 1922 · 108th Congress
Fair Taxes for Seniors Act
- Stage
- In committee
- Sponsor
- Bob Filner
- Introduced
- 2003-05-01
- Latest action
- 2003-06-05 · Sponsor introductory remarks on measure.
Summary
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.)