Summary: H.R.1596 — 107th Congress (2001-2002)All Information (Except Text)

There is one summary for H.R.1596. Bill summaries are authored by CRS.

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Introduced in House (04/26/2001)

Amends the Internal Revenue Code to suspend, for purposes of determining exclusion of gain from the sale of a principal residence, the five-year determination period for: (1) members of the uniformed services or the Foreign Service serving on qualified extended duty (at least 50 miles from such residence or residing in Government quarters); or (2) an employee serving for more than 90 days on assignment abroad.