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House bill · H.R. 7034 (119th Congress)

To amend the Internal Revenue Code of 1986 to eliminate the dollar limitations on the exclusion of gain from sales of principal residences…

U.S. House of Representatives

Latest action Jan 13, 2026

Sponsor: Craig A. Goldman (U.S. Representative, TX-12, Republican)

Official titleShow

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.

The heading above is this same sentence with its legal opening removed. No words were added, changed or reordered.

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From Congress.gov and official rosters. This record was last updated Jul 30, 2026. About our data

Summary

The bill would amend the Internal Revenue Code to remove the dollar caps on how much gain from the sale of a principal residence a taxpayer can exclude from taxable income.

AI summary. Not an official summary. How we handle summaries

Where it stands

Assigned to a committee for review.

  1. Introduced
  2. In committee
  3. Up for a vote
  4. Passed one chamber
  5. Passed
  6. Enacted

Committee

House Committee on Ways and Means · U.S. House of Representatives

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Cosponsors

6

Cosponsors listed on Congress.gov, shown A to Z.

  • Republican6

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Related bills

As identified by Congress.gov.

Full history

  1. Jan 13, 2026

    Introduced

    Introduced in House

    U.S. House of Representatives

  2. Jan 13, 2026

    Introduced

    Introduced in U.S. House

    U.S. House

  3. Jan 13, 2026

    Referred to committee

    Referred to the House Committee on Ways and Means.

    U.S. House of Representatives

Read the record