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.

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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

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Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

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Policy Area and Potential Impact of Bill HR 7034

Primary Policy Focus

Taxation

Alternate 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.