Sen. Cornyn Introduces More Homes on the Market Act
Bill Intros-Senate
Copyright © Targeted News Service, 2025
Copyright © Targeted News Service, 2025
2025-12-24
Bailey Malota
WASHINGTON, Dec. 24 -- Sen. John Cornyn, R-TX, has introduced the More Homes on the Market Act, aimed at increasing the financial exclusion for gains from the sale of a principal residence. The proposed legislation seeks to amend the Internal Revenue Code to elevate the gain exclusion from $250,000 to $500,000 for individual homeowners, and from $500,000 to $1 million for married couples filing jointly.
This initiative emerges in response to the ongoing challenges faced by many home . . .
TARGETED NEWS SERVICE (founded 2004) features non-partisan 'edited journalism' news briefs and information for news organizations, public policy groups and other organizations. For more information contact MYRON STRUCK, editor, editor@targetednews.com, Springfield, Virginia; 703/304-1897; https://targetednews.com
WASHINGTON, Dec. 24 -- Sen. John Cornyn, R-TX, has introduced the More Homes on the Market Act, aimed at increasing the financial exclusion for gains from the sale of a principal residence. The proposed legislation seeks to amend the Internal Revenue Code to elevate the gain exclusion from $250,000 to $500,000 for individual homeowners, and from $500,000 to $1 million for married couples filing jointly.
This initiative emerges in response to the ongoing challenges faced by many home . . .
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TARGETED NEWS SERVICE (founded 2004) features non-partisan 'edited journalism' news briefs and information for news organizations, public policy groups and other organizations. For more information contact MYRON STRUCK, editor, editor@targetednews.com, Springfield, Virginia; 703/304-1897; https://targetednews.com