,i  #aai? ,,congress  #b;d ,session  ,h4
 ,r4 #gjea  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,janu>y #ad1 #bjbf,mr4
 ,mc,guire 7= himself1 ,mr4 ,b>rett1    
,mr4 ,/aub]1 ,mr4 ,/utzman1 ,mr4        
,s*midt1 ,mr4 ,mack5zie1 ,mr4 ,hamadeh (
 ,arizona1 ,mrs4 ,mill]-,meeks1 & ,mrs4 
,cammack7 introduc$ ! foll[+ bill2 :i* 0
 ref]r$ to ! ,committee on ,ways &      
,means  ,a ,,bill  ,to am5d ! ,int]nal  
,rev5ue ,code ( #aihf to exclude f gross
 income ga9s on ! sale ( real prop]ty to
 fir/-"t homebuy]s by individuals :o h  
atta9$ age #fe4  #a4 ,%ort title ,?is   
,act may be cit$ z ! ,am]ican ,dream    
,act4  #b4 ,exclusion f gross income (  
ga9s on ! sale ( real prop]ty to fir/-"t
 homebuy]s by individuals :o h atta9$   
age #fe  7a7 ,9 g5]al ,"p ,,iii (       
sub*apt] ,b ( *apt] #a ( ! ,int]nal     
,rev5ue ,code ( #aihf is am5d$ by ins]t+
 aft] section #aba ! foll[+ new section3
  #aba;,a4 ,exclusion ( ga9 f sale (    
real prop]ty to fir/-"t homebuy]s by    
individuals :o h atta9$ age #fe  7a7 ,9 

g5]al ,9 ! case ( an individual1 gross  
income %all n include ga9 f ! sale (    
real prop]ty if-- 7#a7 ! taxpay] 7ei!r  
sp\se 9 ! case ( a jo9t return7 has     
atta9$ age #fe z ( ! date ( su* sale1   
7#b7 su* sale is to a fir/-"t homebuy] =
 use z su* fir/-"t homebuy]'s pr9cipal  
resid5ce 7)9 ! mean+ ( section #aba71   
7#c7 ! price at :i* su* real prop]ty is 
sold does n exce$ #ejj1jjj1 &  7#d7 !   
clos+ docum5ts ) respect to su* sale    
include a /atem5t by ! buy] made "u     
p5alty ( p]jury t su* buy] is a fir/-"t 
homebuy] & is pur*as+ su* prop]ty = use 
z su* buy]'s pr9cipal resid5ce 7)9 !    
mean+ ( section #aba74  7b7 ,fir/-,"t   
homebuy] ,= purposes ( ?is section1 !   
t]m fir/-"t homebuy] means any          
individual if su* individual1 or su*    
individual's sp\se1 has n _h a pres5t   
own]%ip int]e/ 9 a pr9cipal resid5ce 7)9
 ! mean+ ( section #aba7 at any "t prior
 to ! date ( ! sale to :i* ?is section  
applies4  7c7 ,coord9ation ) exclusion (
 ga9 f sale ( pr9cipal resid5ce ,section

 #aba %all n apply to any sale to :i*   
subsection 7a7 applies4  7d7 ,t]m9ation 
,?is section %all n apply to any sale   
aft] ,decemb] #ca1 #bjca4  4  7b7       
,cl]ical am5dm5t ,! table ( sections =  
"p ,,iii ( sub*apt] ,b ( *apt] #a ( su* 
,code is am5d$ by ins]t+ aft] ! item    
relat+ to section #aba ! foll[+ new     
item3  ,sec4 #aba;,a4 ,exclusion ( ga9 f
 sale ( real prop]ty to fir/-"t         
homebuy]s by individuals :o h atta9$ age
 #fe4  4  7c7 ,effective date ,!        
am5dm5ts made by ?is section %all apply 
to sales aft] ,decemb] #ca1 #bjbf1 9    
taxable ye>s end+ aft] su* date4