,i  #aaith ,,congress  #b;d ,session    
,h4 ,r4 #gdjj  ,,in ,,the ,,house ,,of  
,,representatives  ,february #e1        
#bjbf,ms4 ,mace 7for herself and ,ms4   
,boebert7 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
 exclude all gain from the sale of a    
principal residence or any residence    
which is sold to a first-time homebuyer1
 and for other purposes4  #a4 ,short    
title ,this ,act may be cited as the    
,making ,homeownership ,affordable      
,again ,act4  #b4 ,full exclusion of    
gain from sale of principal residence or
 residence sold to first-time homebuyer 
7a7 ,elimination of dollar limitations  
on exclusion of gain  7#a7 ,in general  
,section #aba7;b7 of the ,internal      
,revenue ,code of #aihf is amended--    
7,a7 by striking paragraphs 7#a71 7#b71 
and 7#d71 and  7,b7 by redesignating    
paragraphs 7#c7 and 7#e7 as paragraphs  
7#a7 and 7#b71 respectively4  7#b7      

,conforming amendments  7,a7 ,section   
#aba7;c7 of such ,code is amended-- 7i7 
in paragraph 7#a71 by striking 1 and    
subsection 7b77#c7 and all that follows 
through #b years and inserting 1 and    
subsection 7b77#a71 shall not apply1 and
  7ii7 in paragraph 7#b77;,a77ii71 by   
striking subsection 7b77#c7 and         
inserting subsection 7b77#a74  7,b7     
,section #aba7;d7 of such ,code is      
amended-- 7i7 in paragraph 7#i77;,a71 by
 striking in subsections 7a7 and        
7c77#a77;,b7 and inserting in subsection
 7a71 and  7ii7 in paragraph 7#ab77;,a71
 by striking in subsections 7a7 and     
7c77#a77;,b7 and inserting in subsection
 7a74  7b7 ,allowance of exclusion of   
gain from sales to first-,time          
homebuyers  7#a7 ,in general ,section   
#aba7;c77#b77;,b7 of such ,code is      
amended--  7,a7 by striking exchange is 
by reason of and inserting exchange is--
  7i7 by reason of  1  7,b7 by striking 
unforeseen circumstances4 and inserting 
unforeseen circumstances1 or1 and  7,c7 

by adding at the end the following3     
7ii7 to a first-time homebuyer4  4  7#b7
  ,first-time homebuyer  ,section       
#aba7;c7 of such ,code1 as amended by   
the preceding provisions of this ,act1  
is amended by adding at the end the     
following new paragraph3  7#c7          
,first-time homebuyer  ,for purposes of 
this subsection1 the term first-time    
homebuyer means any individual if such  
individual 7and if married1 such        
individual's spouse7 had no present     
ownership interest in a principal       
residence during the #c-year period     
ending on the date of the sale or       
exchange of the property to which this  
subsection applies4  4  7c7 ,effective  
date ,the amendments made by this       
section shall apply to sales and        
exchanges made after the date of the    
enactment of this ,act4