More Homes on the Market Act
Sponsored By: Representative Panetta, Jimmy [D-CA-19]
Introduced
Summary
Raises the home-sale gain exclusion and indexes it to inflation. The bill would expand how much profit from selling your main home can be excluded from taxable income and make those limits grow with inflation.
Show full summary
- Individual homeowners could exclude up to $500,000 of gain when selling their principal residence, letting them keep more profit tax-free.
- Married couples filing jointly could exclude up to $1,000,000 of gain, doubling the current joint cap.
- The $500,000 and $1,000,000 limits would be adjusted annually for inflation for tax years after 2024 and rounded down to the nearest $100.
- The new limits would apply to sales and exchanges after the bill's enactment.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Bigger tax break when you sell your home
If enacted, the bill would raise the tax-free gain you can get when you sell your main home. You could exclude up to $500,000 if you file single, or $1,000,000 if you file married filing jointly. This would apply to sales and exchanges after the bill becomes law. Starting with tax years that begin after 2024, those amounts would go up each year with inflation, rounded down to the next lower $100. This exclusion only applies to your principal residence.
Sponsors & CoSponsors
Sponsor
Panetta, Jimmy [D-CA-19]
CA • D
Cosponsors
Kelly (PA)
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
DelBene
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
Salazar
FL • R
Sponsored 2/13/2025
Mullin
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
McCollum
MN • D
Sponsored 2/13/2025
Rep. Goldman, Daniel S. [D-NY-10]
NY • D
Sponsored 2/13/2025
Rutherford
FL • R
Sponsored 2/13/2025
Costa
CA • D
Sponsored 2/13/2025
Barragan
CA • D
Sponsored 2/13/2025
Swalwell
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
Liccardo
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
Kiley (CA)
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
Lofgren
CA • D
Sponsored 3/25/2025
Norcross
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
Budzinski
IL • D
Sponsored 5/21/2025
Rep. Sherman, Brad [D-CA-32]
CA • D
Sponsored 5/29/2025
Pingree
ME • D
Sponsored 5/29/2025
Craig
MN • D
Sponsored 6/3/2025
Sewell
AL • D
Sponsored 6/3/2025
Rep. Davids, Sharice [D-KS-3]
KS • D
Sponsored 6/3/2025
Levin
CA • D
Sponsored 6/4/2025
Rep. Beatty, Joyce [D-OH-3]
OH • D
Sponsored 6/4/2025
Cherfilus-McCormick
FL • D
Sponsored 6/4/2025
Van Drew
NJ • R
Sponsored 6/4/2025
Cuellar
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
Soto
FL • D
Sponsored 6/9/2025
Rep. Neguse, Joe [D-CO-2]
CO • D
Sponsored 6/9/2025
Scott, David
GA • D
Sponsored 6/9/2025
Hunt
TX • R
Sponsored 6/9/2025
Schakowsky
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
Schmidt
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
Kean
NJ • R
Sponsored 6/20/2025
Trahan
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
Goldman (TX)
TX • R
Sponsored 6/25/2025
Rep. Cleaver, Emanuel [D-MO-5]
MO • D
Sponsored 6/26/2025
McBride
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
Davis (NC)
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
Fitzgerald
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
Bishop
GA • D
Sponsored 8/15/2025
Casten
IL • D
Sponsored 8/22/2025
Stauber
MN • R
Sponsored 8/22/2025
Cisneros
CA • D
Sponsored 8/29/2025
Rep. Bell, Wesley [D-MO-1]
MO • D
Sponsored 9/11/2025
Kustoff
TN • R
Sponsored 9/15/2025
Rep. Golden, Jared F. [D-ME-2]
ME • D
Sponsored 9/17/2025
Fulcher
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. 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
Wittman
VA • R
Sponsored 12/3/2025
Bresnahan
PA • R
Sponsored 12/19/2025
Peters
CA • D
Sponsored 1/27/2026
Espaillat
NY • D
Sponsored 2/2/2026
Rep. Collins, Mike [R-GA-10]
GA • R
Sponsored 2/3/2026
Van Duyne
TX • R
Sponsored 2/10/2026
Rep. Moran, Nathaniel [R-TX-1]
TX • R
Sponsored 2/10/2026
Bean (FL)
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
McGuire
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. Subramanyam, Suhas [D-VA-10]
VA • D
Sponsored 4/16/2026
Mfume
MD • D
Sponsored 4/20/2026
Del. Norton, Eleanor Holmes [D-DC-At Large]
DC • D
Sponsored 4/27/2026
Elfreth
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
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov