,i  #aai? ,,congress  #b;d ,session  ,h4
 ,r4 #gfhg  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,febru>y #be1         
#bjbf,mr4 ,cl9e 7= himself1 ,mr4        
,fleis*mann1 ,mr4 ,p]ry1 ,mr4 ,moore (  
,alabama1 & ,mr4 ,ogles7 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 ga9 f ! 
conv]sion ( prop]ty by reason ( em95t   
doma94  #a4 ,%ort title ,?is ,act may be
 cit$ z ! ,no ,tax on ,tak+s ,act4  #b4 
,exclusion f gross income = ga9 f       
conv]sion ( prop]ty by reason ( em95t   
doma9  7a7 ,9 g5]al ,"p ,,iii ( sub*apt]
 ,b ( *apt] #a ( ! ,int]nal ,rev5ue     
,code ( #aihf is am5d$ by ins]t+ aft]   
section #aci,l ! foll[+ new section3    
#aci,m4 ,ga9 f conv]sion ( prop]ty by   
reason ( em95t doma9  7a7 ,9 g5]al      
,gross income %all n include ga9 f !    
conv]sion ( prop]ty locat$ 9 ! ,unit$   
,/ates by reason ( ! ex]cise ( em95t    
doma9 7includ+ ! sale or ex*ange ( su*  

prop]ty "u ?reat or imm95ce ( su*       
ex]cise74  7b7 ,coord9ation ) rule =    
involunt>y conv]sions ,section #ajcc    
%all n apply to any conv]sion to :i* ?is
 section applies4  7c7  ,election n ,to 
claim exclusion  ,?is section %all n    
apply to any conv]sion if ! taxpay]     
elects 7at su* "t & 9 su* mann] z !     
,secret>y may provide7 to h ?is section 
n apply to su* conv]sion4  7d7          
,regulations ,! ,secret>y %all issue su*
 regulations or o!r guidance z may be   
necess>y or appropriate to c>ry out !   
purposes ( ?is section4  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 #aci,l ! foll[+ new item3  ,sec4
 #aci,m4 ,ga9 f conv]sion ( real prop]ty
 by reason ( em95t doma94  4  7c7       
,effective date ,! am5dm5ts made by ?is 
section %all apply to conv]sions 9      
taxable ye>s end+ aft] ! date ( !       
enactm5t ( ?is ,act4