Summary: H.R.1204 — 105th Congress (1997-1998)All Information (Except Text)

There is one summary for H.R.1204. Bill summaries are authored by CRS.

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Introduced in House (03/20/1997)

Amends the Internal Revenue Code to exclude from gain the sale of a life estate or a remainder interest in a principal residence by a person eligible for the one-time "55 years or older" exclusion of gain from the sale of such residence. Stipulates that such provision shall not apply to related party sales.