NAR Endorsement Letter to Representatives Panetta and Kelly Re The More Homes Section 121 Exclusion Increase Bill
Issue Date: September 27, 2022
US HR 9015 - More Homes on the Market Act
On September 27 NAR sent a letter to Representatives Panetta and Kelly.
The letter expresses NAR’s support for the “More Homes on the Market Act,” a bill that would increase the maximum amount of capital gain that a homeowner can exclude on the sale of a principal residence. Enactment of this legislation would solve a serious and growing problem that is rapidly spreading throughout our Nation.
The legislation would double the current maximum exclusion amounts, placing them close to their real original values, and also index them for future inflation.