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119-s-3332119th CongressWALLET

More Homes on the Market Act

Sponsored By: Senator Cornyn, John [R-TX]

Introduced

Summary

A larger, inflation‑indexed capital gains exclusion for the sale of principal residences. The bill would raise the exclusion amounts and add an annual cost‑of‑living adjustment so the exclusion keeps pace with inflation.

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  • Homeowners and families would be able to exclude more profit when they sell their main home, which would lower taxable gains. The base exclusion would become $500,000 for single filers and $1,000,000 for married couples filing jointly.
  • For tax years beginning after 2025 the bill would index those base amounts to the Consumer Price Index based cost‑of‑living adjustment. Each yearly increase would be rounded down to the nearest $100.
  • The expanded exclusions and inflation adjustment would apply to sales and exchanges after enactment of the law.

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Bill Overview

Analyzed Economic Effects

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

Bigger home sale tax exclusion

If enacted, you would be able to exclude up to $500,000 of gain when you sell your main home. If you file married filing jointly, you would be able to exclude up to $1,000,000. For tax years starting after 2025, these limits would increase each year for inflation using a COLA tied to 2024. Any annual increase that is not a multiple of $100 would be rounded down to the nearest $100. The changes would apply to sales and exchanges after the law takes effect.

Sponsors & CoSponsors

Sponsor

Cornyn, John [R-TX]

TX • R

Cosponsors

  • Sen. Graham, Darline [R-SC]

    SC • R

    Sponsored 9/30/2026

  • Sen. Bennet, Michael F. [D-CO]

    CO • D

    Sponsored 12/3/2025

  • Sen. Daines, Steve [R-MT]

    MT • R

    Sponsored 12/3/2025

  • Sen. Schiff, Adam B. [D-CA]

    CA • D

    Sponsored 12/3/2025

  • Sen. Barrasso, John [R-WY]

    WY • R

    Sponsored 12/3/2025

  • Sen. Kelly, Mark [D-AZ]

    AZ • D

    Sponsored 12/3/2025

  • Sen. Lee, Mike [R-UT]

    UT • R

    Sponsored 5/11/2026

  • Sen. Kennedy, John [R-LA]

    LA • R

    Sponsored 5/12/2026

  • Sen. Risch, James E. [R-ID]

    ID • R

    Sponsored 5/20/2026

  • Sen. Moran, Jerry [R-KS]

    KS • R

    Sponsored 6/1/2026

  • Sen. Capito, Shelley Moore [R-WV]

    WV • R

    Sponsored 6/1/2026

  • Sen. Boozman, John [R-AR]

    AR • R

    Sponsored 6/1/2026

  • Sen. Fischer, Deb [R-NE]

    NE • R

    Sponsored 6/8/2026

  • Sen. Marshall, Roger [R-KS]

    KS • R

    Sponsored 6/16/2026

  • Sen. Banks, Jim [R-IN]

    IN • R

    Sponsored 6/17/2026

  • Sen. Cotton, Tom [R-AR]

    AR • R

    Sponsored 6/17/2026

  • Sen. Graham, Lindsey [R-SC]

    SC • R

    Sponsored 6/18/2026

  • Sen. Wicker, Roger F. [R-MS]

    MS • R

    Sponsored 6/24/2026

  • Sen. Coons, Christopher A. [D-DE]

    DE • D

    Sponsored 6/24/2026

  • Sen. Cramer, Kevin [R-ND]

    ND • R

    Sponsored 6/24/2026

  • Sen. Hyde-Smith, Cindy [R-MS]

    MS • R

    Sponsored 6/24/2026

  • Sen. Hirono, Mazie K. [D-HI]

    HI • D

    Sponsored 7/28/2026

  • Sen. McCormick, David [R-PA]

    PA • R

    Sponsored 8/4/2026

  • Sen. Young, Todd [R-IN]

    IN • R

    Sponsored 9/14/2026

  • Sen. Sheehy, Tim [R-MT]

    MT • R

    Sponsored 9/17/2026

Roll Call Votes

No roll call votes available for this bill.

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