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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.
2/11/2026, 9:06 AM
Summary of Bill HR 7034
The bill titled "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" was introduced in the 119th session of Congress as H.R. 7034 on January 13, 2026. The bill aims to remove the dollar limitations on the exclusion of gain from the sale of primary residences as outlined in the Internal Revenue Code of 1986. Additional provisions and specific actions proposed in the bill are not detailed in the provided context.
Read the Full Bill
Current Status of Bill HR 7034
Bill HR 7034 is currently in the status of Bill Introduced since January 13, 2026. Bill HR 7034 was introduced during Congress 119 and was introduced to the House on January 13, 2026. Bill HR 7034's most recent activity was Referred to the House Committee on Ways and Means. as of January 13, 2026
Bipartisan Support of Bill HR 7034
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
10Democrat Cosponsors
0Republican Cosponsors
10Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 7034
Primary Policy Focus
TaxationAlternate Title(s) of Bill 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.
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.
Comments
Sponsors and Cosponsors of HR 7034
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