House bill · H.R. 7131 (119th Congress)
Middle Class Home Tax Elimination Act
U.S. House of Representatives
Sponsor: Scott Fitzgerald (U.S. Representative, WI-5, Republican)
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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 remove the dollar caps on the capital gains exclusion for the sale of a principal residence under section 121 of the Internal Revenue Code — currently $250,000 for individual filers and $500,000 for joint filers.
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Where it stands
Assigned to a committee for review.
- Introduced
- In committee
- Up for a vote
- Passed one chamber
- Passed
- Enacted
Committee
House Committee on Ways and Means · U.S. House of Representatives
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Related bills
- H.R. 4327No Tax on Home Sales ActRelated bill
- H.R. 7034To 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.Related bill
As identified by Congress.gov.
Full history
- Jan 16, 2026
Introduced
Introduced in House
U.S. House of Representatives
- Jan 16, 2026
Introduced
Introduced in U.S. House
U.S. House
- Jan 16, 2026
Referred to committee
Referred to the House Committee on Ways and Means.
U.S. House of Representatives
Read the record
- Read on Congress.gov (opens in a new tab) The official record on Congress.gov.