# 119-hr-7034: To amend the Internal Revenue Code of 1986 to eliminate the dollar limitations on the exclusion of gain from sales of principal residences, and for other purposes.

119-hr-7034, To amend the Internal Revenue Code of 1986 to eliminate the dollar limitations on the exclusion of gain from sales of principal residences, and for other purposes., is a 119th Congress bill sponsored by Rep. Goldman, Craig A. [R-TX-12] (R-TX); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-7034
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-7034
- Congress: 119
- Title: To amend the Internal Revenue Code of 1986 to eliminate the dollar limitations on the exclusion of gain from sales of principal residences, and for other purposes.
- Status: introduced
- Introduced: 2026-01-13
- Sponsor: Rep. Goldman, Craig A. [R-TX-12] (R-TX)
- Cosponsors: 6
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Eliminates the dollar limit on the tax exclusion for gains from selling a primary residence.** This bill would amend Internal Revenue Code section 121 by removing the dollar-limit provisions and making conforming edits to subsection 121(c), so homeowners could exclude gains from the sale of their main home without a numeric cap. The change would apply to sales and exchanges after enactment.

## Cosponsors (6)

- Rep. Haridopolos, Mike [R-FL-8] (R-FL), 2026-01-20T00:00:00.000Z
- Rep. Biggs, Andy [R-AZ-5] (R-AZ), 2026-01-21T00:00:00.000Z
- Rep. Evans, Gabe [R-CO-8] (R-CO), 2026-01-27T00:00:00.000Z
- Rep. Williams, Roger [R-TX-25] (R-TX), 2026-02-10T00:00:00.000Z
- Rep. Jackson, Ronny [R-TX-13] (R-TX), 2026-02-17T00:00:00.000Z
- Rep. Hurd, Jeff [R-CO-3] (R-CO), 2026-03-25T00:00:00.000Z

## Provisions PRIA read

- Bigger home-sale tax exclusion for homeowners: benefit, high. If enacted, this bill would remove the dollar cap on the exclusion of gain when you sell your main home. For sales and exchanges after the date of enactment, you would be able to exclude more profit from your federal taxable income. This would lower the federal tax you pay if your gain is larger th…

## Related bills

- 119-hr-9298: Stopping Harmful and Outrageous Torts Act
- 119-hr-1181: Protecting Privacy in Purchases Act
- 119-hr-2442: Freedom from Unfair Gun Taxes Act of 2025
- 119-hr-1301: Death Tax Repeal Act
- 119-hr-38: Constitutional Concealed Carry Reciprocity Act of 2025
- 119-hres-719: Honoring the life and legacy of Charles Charlie James Kirk.

## Sources
- [119-hr-7034 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/7034)

## Related
- [119-hr-9298: Stopping Harmful and Outrageous Torts Act](https://policyrisk.com/legislation/119-hr-9298)
- [119-hr-1181: Protecting Privacy in Purchases Act](https://policyrisk.com/legislation/119-hr-1181)
- [119-hr-2442: Freedom from Unfair Gun Taxes Act of 2025](https://policyrisk.com/legislation/119-hr-2442)
- [119-hr-1301: Death Tax Repeal Act](https://policyrisk.com/legislation/119-hr-1301)
- [119-hr-38: Constitutional Concealed Carry Reciprocity Act of 2025](https://policyrisk.com/legislation/119-hr-38)
- [119-hres-719: Honoring the life and legacy of Charles Charlie James Kirk.](https://policyrisk.com/legislation/119-hres-719)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-7034 (as of 2026-04-21).