No Tax on Home Sales Act
Sponsored By: Representative Greene (GA)
Introduced
Summary
Removes fixed dollar caps on the tax exclusion for gain from selling a principal residence. This bill would rewrite Section 121 of the Internal Revenue Code to eliminate statutory dollar limits on that exclusion and adjust cross-references in the code so the exclusion no longer relies on a fixed dollar amount.
Show full summary
- Homeowners and families who sell their main home would be able to exclude gain without a statutory dollar cap, which could reduce tax owed on large gains for sales after enactment.
- Tax professionals and the IRS would apply the exclusion under the revised Section 121 language and updated cross-references instead of the previous dollar-limited rules.
Your PRIA Score
Personalized for You
How does this bill affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this bill and every other piece of legislation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
No cap on home sale tax break for homeowners
If enacted, you could exclude the profit from selling your main home without a fixed dollar cap. You would still need to meet the ownership and use tests under current law. This would apply only to sales or exchanges after the date the bill becomes law. If you qualify, this could lower the income tax you owe when you sell.
Free Policy Watch
You just read the policy. Now see what it costs you.
Pick a topic. PRIA runs your household against live legislation and sends you a free personalized readout.
Pick a topic to get started
Sponsors & CoSponsors
Sponsor
Greene (GA)
GA • R
Cosponsors
Rep. Owens, Burgess [R-UT-4]
UT • R
Sponsored 7/14/2025
Rep. Taylor, David J. [R-OH-2]
OH • R
Sponsored 9/15/2025
Rep. Hamadeh, Abraham J. [R-AZ-8]
AZ • R
Sponsored 11/4/2025
Rep. Alford, Mark [R-MO-4]
MO • R
Sponsored 12/3/2025
Harris (NC)
NC • R
Sponsored 3/12/2026
Rep. Correa, J. Luis [D-CA-46]
CA • D
Sponsored 3/18/2026
Mann
KS • R
Sponsored 4/9/2026
Roll Call Votes
No roll call votes available for this bill.
View on Congress.govTake It Personal
Get Your Personalized Policy View
Take the PRIA Score to see how policy affects your household, then upgrade to PRIA Full Coverage for year-round monitoring.
Already have an account? Sign in