Mentioned 17× · first seen 02-jul-2026 · last seen 31-jul-2026

Taxation – Housing Capital Gains Incentives

Current understanding

To be populated as evidence accumulates.

Evidence log

2025-12-03 — More Homes on the Market Act: 2025 — More Homes on the Market Act (S3332, 119th Congress) read twice and referred to Senate Finance: Senate companion/vehicle to the earlier House proposal doubling the IRC §121 principal-residence capital gains exclusion; sellers with large embedded gains would pay less, no direct effect on non-sellers. Status: introduced. (novelty: 2)
2025-12-04 — Protect Innocent Victims of Taxation After Fire Extension Act: 2025-12 — Protect Innocent Victims of Taxation After Fire Extension Act (S3372) referred to Senate Finance: adjacent real-property-tax proposal extending income exclusion for fire-loss compensation; affects casualty-loss recipients rather than voluntary-sale capital gains. (novelty: 2)
2026-06-23 — Historic Preservation and Land Conservation Certainty Act: 2025 — Historic Preservation and Land Conservation Certainty Act (HR9398) referred to Ways and Means: adjacent real-estate tax proposal touching preservation/conservation incentives rather than residential capital gains directly. (novelty: 2)
2026-06-23 — Pung v. Isabella County: 2026 — Pung v. Isabella County (Supreme Court): tangential real-estate-tax ruling holding that just compensation for tax-sale foreclosure is auction price plus surplus, not fair market value; affects post-foreclosure recovery rather than capital gains on voluntary sales. (novelty: 3)
2026-06-30 — Boat Loan Interest Deduction Act of 2026: 2026-06 — Boat Loan Interest Deduction Act of 2026 (HR9537) referred to Ways and Means: proposes a deduction for boat loan interest, extending mortgage-interest-style tax treatment beyond primary/second homes — adjacent to but distinct from housing capital gains incentives. (novelty: 2)
2025-04-08 — Affordable Housing Credit Improvement Act of 2025: Adjacent housing tax proposal: Affordable Housing Credit Improvement Act of 2025 (HR2725) referred to Ways and Means — targets the supply side via LIHTC expansion rather than capital-gains-side incentives, but shares the broader housing affordability policy frame. (novelty: 2)
2025-02-27 — Capital Gains Inflation Relief Act of 2025: 2025 — Capital Gains Inflation Relief Act of 2025 (citation removed): S798 (introduced) would index capital gains basis to inflation across all asset classes, which would incidentally reduce taxable gains on home sales beyond the §121 exclusion — long-holding sellers pay less. (novelty: 2) (novelty: 2)
2025-02-13 — More Homes on the Market Act: More Homes on the Market Act (introduced) would double the IRC §121 principal-residence capital gains exclusion to $500,000 (single) / $1,000,000 (joint) and index thresholds for inflation — sellers with large embedded gains pay less; no direct effect on non-sellers. (novelty: 2)
2026-06-25 — To amend the Internal Revenue Code of 1986 to allow a deduction for amounts contributed to home savings accounts, and for other purposes.: Related housing-tax proposal: HR9480 would create a deduction for contributions to home savings accounts — a savings-side incentive complementary to capital-gains-side housing tax measures. (novelty: 2)
2026-06-11 — Transit Oriented Development Act of 2026: Related proposal: Transit Oriented Development Act of 2026 (HR9267) referred to Ways and Means, targeting tax incentives for development near transit — a distinct but adjacent real estate tax incentive vehicle. (novelty: 2)