,i  #aahth ,,congress  #ast ,session    
,h4 ,r4 #acba  ,,in ,,the ,,house ,,of  
,,representatives  ,march #a1 #bjbc,mr4 
,panetta 7for himself and ,mr4 ,kelly of
 ,pennsylvania7 introduced the following
 bill2 which was referred to the        
,committee on ,ways and ,means  ,a      
,,bill  ,to amend the ,internal ,revenue
 ,code of #aihf to increase the         
exclusion of gain from the sale of a    
principal residence1 and for other      
purposes4  #a4 ,short title ,this ,act  
may be cited as the ,more ,homes on the 
,market ,act4  #b4 ,increase of         
exclusion of gain from sale of principal
 residence  7a7 ,in general ,section    
#aba7;b7 of the ,internal ,revenue ,code
 of #aihf is amended--  7#a7 by striking
 #bej1jjj and inserting #ejj1jjj each   
place it appears1  7#b7 by striking     
#ejj1jjj and inserting #a1jjj1jjj each  
place it appears1  7#c7 in paragraph    
7#b77;,a71 in the heading1 by striking  
#ejj1jjj and inserting #a1jjj1jjj1 and  
7#d7 by adding at the end the following 

new paragraph3  7#e7 ,adjustment for    
inflation ,in the case of a taxable year
 beginning after #bjbc1 the #ejj1jjj and
 #a1jjj1jjj amounts in paragraphs 7#a71 
7#b71 and 7#d7 shall be increased by an 
amount equal to-- 7,a7 such dollar      
amount1 multiplied by  7,b7 the         
cost-of-living adjustment determined    
under section #a7;f77#c7 for the        
calendar year in which the taxable year 
begins1 determined by substituting #bjbb
 for #bjaf in subparagraph 7,a77ii7     
thereof4  ,if any increase under this   
clause is not a multiple of #ajj1 such  
increase shall be rounded to the next   
lowest multiple of #ajj4  4  7b7        
,effective date ,the amendments made by 
this section shall apply to sales and   
exchanges after the date of the         
enactment of this ,act4