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119-hr-1340119th CongressWALLET

More Homes on the Market Act

Sponsored By: Representative Panetta, Jimmy [D-CA-19]

Introduced

Summary

Doubles the home-sale tax exclusion to reduce taxes on profit from selling your main home, and would add inflation adjustments so the cap keeps up with rising prices.

Show full summary
  • Single homeowners and families would be able to exclude up to $500,000 of gain on the sale of their principal residence, lowering tax bills for sellers who realize sizable gains.
  • Married couples filing jointly would see that exclusion rise to $1,000,000, helping long-time owners and sellers in high-cost markets keep more of their proceeds.
  • Both limits would be indexed for inflation starting in taxable years after 2024 so the exclusions grow over time instead of eroding with rising home values.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Bigger tax exclusion for homeowners

If enacted, this bill would let homeowners exclude more profit when they sell their main home. Single taxpayers would be able to exclude up to $500,000 of gain. Married taxpayers filing jointly would be able to exclude up to $1,000,000 of gain. The new dollar limits would apply to sales and exchanges after the date of enactment. For taxable years beginning after 2024, those base amounts would be increased for inflation using the bill's cost-of-living formula. Any computed inflation increase not a multiple of $100 would be rounded down to the next $100.

Sponsors & CoSponsors

Sponsor

Panetta, Jimmy [D-CA-19]

CA • D

Cosponsors

  • Rep. Kelly, Mike [R-PA-16]

    PA • R

    Sponsored 2/13/2025

  • Rep. Malliotakis, Nicole [R-NY-11]

    NY • R

    Sponsored 2/13/2025

  • Rep. Yakym, Rudy [R-IN-2]

    IN • R

    Sponsored 2/13/2025

  • Rep. Correa, J. Luis [D-CA-46]

    CA • D

    Sponsored 2/13/2025

  • Rep. DelBene, Suzan K. [D-WA-1]

    WA • D

    Sponsored 2/13/2025

  • Rep. Scholten, Hillary J. [D-MI-3]

    MI • D

    Sponsored 2/13/2025

  • Rep. Brownley, Julia [D-CA-26]

    CA • D

    Sponsored 2/13/2025

  • Rep. Salazar, Maria Elvira [R-FL-27]

    FL • R

    Sponsored 2/13/2025

  • Rep. Mullin, Kevin [D-CA-15]

    CA • D

    Sponsored 2/13/2025

  • Rep. Issa, Darrell [R-CA-48]

    CA • R

    Sponsored 2/13/2025

  • Rep. Harder, Josh [D-CA-9]

    CA • D

    Sponsored 2/13/2025

  • Rep. Bacon, Don [R-NE-2]

    NE • R

    Sponsored 2/13/2025

  • Rep. McCollum, Betty [D-MN-4]

    MN • D

    Sponsored 2/13/2025

  • Rep. Goldman, Daniel S. [D-NY-10]

    NY • D

    Sponsored 2/13/2025

  • Rep. Rutherford, John H. [R-FL-5]

    FL • R

    Sponsored 2/13/2025

  • Rep. Costa, Jim [D-CA-21]

    CA • D

    Sponsored 2/13/2025

  • Rep. Barragán, Nanette Diaz [D-CA-44]

    CA • D

    Sponsored 2/13/2025

  • Rep. Swalwell, Eric [D-CA-14]

    CA • D

    Sponsored 2/13/2025

  • Rep. Lawler, Michael [R-NY-17]

    NY • R

    Sponsored 2/13/2025

  • Rep. De La Cruz, Monica [R-TX-15]

    TX • R

    Sponsored 2/13/2025

  • Rep. Pettersen, Brittany [D-CO-7]

    CO • D

    Sponsored 2/13/2025

  • Rep. Ansari, Yassamin [D-AZ-3]

    AZ • D

    Sponsored 2/13/2025

  • Rep. Liccardo, Sam T. [D-CA-16]

    CA • D

    Sponsored 2/13/2025

  • Rep. Gottheimer, Josh [D-NJ-5]

    NJ • D

    Sponsored 2/13/2025

  • Rep. Thanedar, Shri [D-MI-13]

    MI • D

    Sponsored 2/13/2025

  • Rep. Carbajal, Salud O. [D-CA-24]

    CA • D

    Sponsored 2/13/2025

  • Rep. Fitzpatrick, Brian K. [R-PA-1]

    PA • R

    Sponsored 2/13/2025

  • Rep. Kiley, Kevin [I-CA-3]

    CA • I

    Sponsored 3/11/2025

  • Rep. Landsman, Greg [D-OH-1]

    OH • D

    Sponsored 3/21/2025

  • Rep. Lieu, Ted [D-CA-36]

    CA • D

    Sponsored 3/21/2025

  • Rep. Vargas, Juan [D-CA-52]

    CA • D

    Sponsored 3/24/2025

  • Rep. Lofgren, Zoe [D-CA-18]

    CA • D

    Sponsored 3/25/2025

  • Rep. Norcross, Donald [D-NJ-1]

    NJ • D

    Sponsored 3/31/2025

  • Rep. Shreve, Jefferson [R-IN-6]

    IN • R

    Sponsored 3/31/2025

  • Rep. Nunn, Zachary [R-IA-3]

    IA • R

    Sponsored 4/17/2025

  • Rep. Budzinski, Nikki [D-IL-13]

    IL • D

    Sponsored 5/21/2025

  • Rep. Sherman, Brad [D-CA-32]

    CA • D

    Sponsored 5/29/2025

  • Rep. Pingree, Chellie [D-ME-1]

    ME • D

    Sponsored 5/29/2025

  • Rep. Craig, Angie [D-MN-2]

    MN • D

    Sponsored 6/3/2025

  • Rep. Sewell, Terri A. [D-AL-7]

    AL • D

    Sponsored 6/3/2025

  • Rep. Davids, Sharice [D-KS-3]

    KS • D

    Sponsored 6/3/2025

  • Rep. Levin, Mike [D-CA-49]

    CA • D

    Sponsored 6/4/2025

  • Rep. Beatty, Joyce [D-OH-3]

    OH • D

    Sponsored 6/4/2025

  • Rep. Cherfilus-McCormick, Sheila [D-FL-20]

    FL • D

    Sponsored 6/4/2025

  • Rep. Van Drew, Jefferson [R-NJ-2]

    NJ • R

    Sponsored 6/4/2025

  • Rep. Cuellar, Henry [D-TX-28]

    TX • D

    Sponsored 6/5/2025

  • Rep. Kim, Young [R-CA-40]

    CA • R

    Sponsored 6/5/2025

  • Del. Moylan, James C. [R-GU-At Large]

    GU • R

    Sponsored 6/5/2025

  • Rep. Weber, Randy K. Sr. [R-TX-14]

    TX • R

    Sponsored 6/6/2025

  • Rep. Green, Al [D-TX-9]

    TX • D

    Sponsored 6/9/2025

  • Rep. Soto, Darren [D-FL-9]

    FL • D

    Sponsored 6/9/2025

  • Rep. Neguse, Joe [D-CO-2]

    CO • D

    Sponsored 6/9/2025

  • Rep. Scott, David [D-GA-13]

    GA • D

    Sponsored 6/9/2025

  • Rep. Hunt, Wesley [R-TX-38]

    TX • R

    Sponsored 6/9/2025

  • Rep. Schakowsky, Janice D. [D-IL-9]

    IL • D

    Sponsored 6/9/2025

  • Rep. Grothman, Glenn [R-WI-6]

    WI • R

    Sponsored 6/9/2025

  • Rep. Gill, Brandon [R-TX-26]

    TX • R

    Sponsored 6/10/2025

  • Rep. Pocan, Mark [D-WI-2]

    WI • D

    Sponsored 6/11/2025

  • Rep. Schmidt, Derek [R-KS-2]

    KS • R

    Sponsored 6/11/2025

  • Rep. Mann, Tracey [R-KS-1]

    KS • R

    Sponsored 6/12/2025

  • Rep. Suozzi, Thomas R. [D-NY-3]

    NY • D

    Sponsored 6/12/2025

  • Rep. Kean, Thomas H. [R-NJ-7]

    NJ • R

    Sponsored 6/20/2025

  • Rep. Trahan, Lori [D-MA-3]

    MA • D

    Sponsored 6/20/2025

  • Rep. Foushee, Valerie P. [D-NC-4]

    NC • D

    Sponsored 6/20/2025

  • Rep. Calvert, Ken [R-CA-41]

    CA • R

    Sponsored 6/23/2025

  • Rep. Fleischmann, Charles J. "Chuck" [R-TN-3]

    TN • R

    Sponsored 6/23/2025

  • Rep. Goldman, Craig A. [R-TX-12]

    TX • R

    Sponsored 6/25/2025

  • Rep. Cleaver, Emanuel [D-MO-5]

    MO • D

    Sponsored 6/26/2025

  • Rep. McBride, Sarah [D-DE-At Large]

    DE • D

    Sponsored 6/26/2025

  • Rep. Hayes, Jahana [D-CT-5]

    CT • D

    Sponsored 6/27/2025

  • Rep. Smith, Christopher H. [R-NJ-4]

    NJ • R

    Sponsored 6/30/2025

  • Rep. Davis, Donald G. [D-NC-1]

    NC • D

    Sponsored 6/30/2025

  • Rep. Latimer, George [D-NY-16]

    NY • D

    Sponsored 7/14/2025

  • Rep. Courtney, Joe [D-CT-2]

    CT • D

    Sponsored 7/14/2025

  • Rep. Miller-Meeks, Mariannette [R-IA-1]

    IA • R

    Sponsored 7/15/2025

  • Rep. Fitzgerald, Scott [R-WI-5]

    WI • R

    Sponsored 7/29/2025

  • Rep. Garcia, Robert [D-CA-42]

    CA • D

    Sponsored 8/5/2025

  • Rep. Massie, Thomas [R-KY-4]

    KY • R

    Sponsored 8/8/2025

  • Rep. Boyle, Brendan F. [D-PA-2]

    PA • D

    Sponsored 8/8/2025

  • Rep. Bishop, Sanford D. [D-GA-2]

    GA • D

    Sponsored 8/15/2025

  • Rep. Casten, Sean [D-IL-6]

    IL • D

    Sponsored 8/22/2025

  • Rep. Stauber, Pete [R-MN-8]

    MN • R

    Sponsored 8/22/2025

  • Rep. Cisneros, Gilbert Ray [D-CA-31]

    CA • D

    Sponsored 8/29/2025

  • Rep. Bell, Wesley [D-MO-1]

    MO • D

    Sponsored 9/11/2025

  • Rep. Kustoff, David [R-TN-8]

    TN • R

    Sponsored 9/15/2025

  • Rep. Golden, Jared F. [D-ME-2]

    ME • D

    Sponsored 9/17/2025

  • Rep. Fulcher, Russ [R-ID-1]

    ID • R

    Sponsored 9/26/2025

  • Rescom. Hernández, Pablo Jose [D-PR-At Large]

    PR • D

    Sponsored 10/3/2025

  • Rep. Pou, Nellie [D-NJ-9]

    NJ • D

    Sponsored 10/17/2025

  • Rep. Gomez, Jimmy [D-CA-34]

    CA • D

    Sponsored 10/19/2026

  • Rep. Johnson, Julie [D-TX-32]

    TX • D

    Sponsored 10/24/2025

  • Rep. Sykes, Emilia Strong [D-OH-13]

    OH • D

    Sponsored 11/17/2025

  • Rep. Meuser, Daniel [R-PA-9]

    PA • R

    Sponsored 12/1/2025

  • Rep. Wittman, Robert J. [R-VA-1]

    VA • R

    Sponsored 12/3/2025

  • Rep. Bresnahan, Robert P. [R-PA-8]

    PA • R

    Sponsored 12/19/2025

  • Rep. Peters, Scott H. [D-CA-50]

    CA • D

    Sponsored 1/27/2026

  • Rep. Espaillat, Adriano [D-NY-13]

    NY • D

    Sponsored 2/2/2026

  • Rep. Collins, Mike [R-GA-10]

    GA • R

    Sponsored 2/3/2026

  • Rep. Van Duyne, Beth [R-TX-24]

    TX • R

    Sponsored 2/10/2026

  • Rep. Moran, Nathaniel [R-TX-1]

    TX • R

    Sponsored 2/10/2026

  • Rep. Bean, Aaron [R-FL-4]

    FL • R

    Sponsored 2/10/2026

  • Rep. Fischbach, Michelle [R-MN-7]

    MN • R

    Sponsored 2/10/2026

  • Rep. Barrett, Tom [R-MI-7]

    MI • R

    Sponsored 2/11/2026

  • Rep. Horsford, Steven [D-NV-4]

    NV • D

    Sponsored 2/11/2026

  • Rep. Smucker, Lloyd [R-PA-11]

    PA • R

    Sponsored 2/12/2026

  • Rep. Tenney, Claudia [R-NY-24]

    NY • R

    Sponsored 2/12/2026

  • Rep. Tokuda, Jill N. [D-HI-2]

    HI • D

    Sponsored 2/23/2026

  • Rep. Miller, Carol D. [R-WV-1]

    WV • R

    Sponsored 2/23/2026

  • Rep. Sorensen, Eric [D-IL-17]

    IL • D

    Sponsored 2/24/2026

  • Rep. Dingell, Debbie [D-MI-6]

    MI • D

    Sponsored 3/3/2026

  • Rep. McGuire, John J. [R-VA-5]

    VA • R

    Sponsored 3/9/2026

  • Rep. Frankel, Lois [D-FL-22]

    FL • D

    Sponsored 3/30/2026

  • Rep. Carey, Mike [R-OH-15]

    OH • R

    Sponsored 4/13/2026

  • Rep. Whitesides, George [D-CA-27]

    CA • D

    Sponsored 4/15/2026

  • Rep. Mfume, Kweisi [D-MD-7]

    MD • D

    Sponsored 4/20/2026

  • Rep. Subramanyam, Suhas [D-VA-10]

    VA • D

    Sponsored 4/16/2026

  • Del. Norton, Eleanor Holmes [D-DC-At Large]

    DC • D

    Sponsored 4/27/2026

  • Rep. Elfreth, Sarah [D-MD-3]

    MD • D

    Sponsored 5/7/2026

  • Rep. Murphy, Gregory F. [R-NC-3]

    NC • R

    Sponsored 5/14/2026

  • Rep. Walkinshaw, James R. [D-VA-11]

    VA • D

    Sponsored 5/14/2026

  • Rep. Steube, W. Gregory [R-FL-17]

    FL • R

    Sponsored 5/19/2026

  • Rep. Hern, Kevin [R-OK-1]

    OK • R

    Sponsored 5/20/2026

  • Rep. LaHood, Darin [R-IL-16]

    IL • R

    Sponsored 6/2/2026

  • Rep. Wasserman Schultz, Debbie [D-FL-25]

    FL • D

    Sponsored 6/8/2026

  • Rep. Keating, William R. [D-MA-9]

    MA • D

    Sponsored 6/15/2026

  • Rep. Bera, Ami [D-CA-6]

    CA • D

    Sponsored 6/18/2026

  • Rep. Kennedy, Timothy M. [D-NY-26]

    NY • D

    Sponsored 6/22/2026

  • Rep. Castor, Kathy [D-FL-14]

    FL • D

    Sponsored 6/23/2026

  • Rep. Hurd, Jeff [R-CO-3]

    CO • R

    Sponsored 6/23/2026

  • Rep. Miller, Max L. [R-OH-7]

    OH • R

    Sponsored 6/24/2026

  • Rep. Davis, Danny K. [D-IL-7]

    IL • D

    Sponsored 6/25/2026

  • Rep. Sánchez, Linda T. [D-CA-38]

    CA • D

    Sponsored 6/25/2026

  • Rep. DeSaulnier, Mark [D-CA-10]

    CA • D

    Sponsored 6/25/2026

  • Rep. Langworthy, Nicholas A. [R-NY-23]

    NY • R

    Sponsored 6/29/2026

  • Rep. Crank, Jeff [R-CO-5]

    CO • R

    Sponsored 6/29/2026

  • Rep. Titus, Dina [D-NV-1]

    NV • D

    Sponsored 6/29/2026

  • Rep. Evans, Dwight [D-PA-3]

    PA • D

    Sponsored 6/29/2026

  • Rep. Guest, Michael [R-MS-3]

    MS • R

    Sponsored 6/29/2026

  • Rep. Mrvan, Frank J. [D-IN-1]

    IN • D

    Sponsored 6/29/2026

  • Rep. Ross, Deborah K. [D-NC-2]

    NC • D

    Sponsored 6/30/2026

  • Rep. Van Epps, Matt [R-TN-7]

    TN • R

    Sponsored 7/2/2026

  • Rep. Finstad, Brad [R-MN-1]

    MN • R

    Sponsored 7/6/2026

  • Rep. Obernolte, Jay [R-CA-23]

    CA • R

    Sponsored 7/9/2026

  • Rep. Van Orden, Derrick [R-WI-3]

    WI • R

    Sponsored 7/13/2026

  • Rep. Torres, Norma J. [D-CA-35]

    CA • D

    Sponsored 7/13/2026

  • Rep. Smith, Adrian [R-NE-3]

    NE • R

    Sponsored 7/13/2026

  • Rep. Moskowitz, Jared [D-FL-23]

    FL • D

    Sponsored 7/20/2026

  • Rep. Schrier, Kim [D-WA-8]

    WA • D

    Sponsored 7/20/2026

  • Rep. Matsui, Doris O. [D-CA-7]

    CA • D

    Sponsored 8/3/2026

  • Rep. Simon, Lateefah [D-CA-12]

    CA • D

    Sponsored 8/3/2026

  • Rep. Ryan, Patrick [D-NY-18]

    NY • D

    Sponsored 8/3/2026

  • Rep. Joyce, John [R-PA-13]

    PA • R

    Sponsored 8/13/2026

  • Rep. McCormick, Richard [R-GA-7]

    GA • R

    Sponsored 8/13/2026

  • Rep. Gallagher, James [R-CA-1]

    CA • R

    Sponsored 8/13/2026

  • Rep. Harris, Andy [R-MD-1]

    MD • R

    Sponsored 8/24/2026

  • Rep. Larson, John B. [D-CT-1]

    CT • D

    Sponsored 8/31/2026

  • Rep. Riley, Josh [D-NY-19]

    NY • D

    Sponsored 8/31/2026

  • Rep. Ciscomani, Juan [R-AZ-6]

    AZ • R

    Sponsored 9/4/2026

  • Rep. Boebert, Lauren [R-CO-4]

    CO • R

    Sponsored 9/14/2026

Roll Call Votes

No roll call votes available for this bill.

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