,i  #aai? ,,congress  #b;d ,session  ,h4
 ,r4 #ijfd  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,may #bi1 #bjbf,ms4   
,malliotakis introduc$ ! foll[+ bill2   
:i* 0 ref]r$ to ! ,committee on ,ways & 
,means  ,a ,,bill  ,to am5d ! ,int]nal  
,rev5ue ,code ( #aihf to tempor>ily     
increase ! capital ga9s exclusion = any 
qualify+ s5ior :o sells a pr9cipal      
resid5ce dur+ a qualify+ ye>1 & = o!r   
purposes4  #a4 ,tempor>y increase to    
capital ga9s exclusion = sale ( a prim>y
 resid5ce by a s5ior  7a7 ,9 g5]al      
,section #aba7;b7 ( ! ,int]nal ,rev5ue  
,code ( #aihf is am5d$ by add+ at ! end 
! foll[+ new p>agraph3  7#f7 ,special   
increas$ exclusion = sales by c]ta9     
s5iors dur+ taxable ye>s #bjbg ?r\gh    
#bjcj  7,a7 ,9 g5]al ,9 ! case ( a sale 
or ex*ange ( a qualify+ resid5ce aft]   
,decemb] #ca1 #bjbf1 & be=e ,janu>y #a1 
#bjca--  7i7 9 ! case a qualify+ s5ior  
:o is n m>ri$ on ! date ( su* sale or   
ex*ange1 p>agraph 7#a7 %all be appli$ by
 sub/itut+ #a1jjj1jjj = #bej1jjj1  7ii7 

! case ( m>ri$ individuals :o make a    
jo9t return = ! taxable ye> ( su* sale  
or ex*ange1 if ei!r sp\se is a qualify+ 
s5ior1 p>agraphs 7#b7 & 7#d7 %all ea* be
 appli$ by sub/itut+ #a1jjj1jjj =       
#ejj1jjj ea* place x appe>s1 &  7iii7 9 
! case ( a qualify+ s5ior :o is m>ri$ & 
makes a sep>ate return = ! taxable ye> (
 su* sale or ex*ange1 p>agraph 7#a7 %all
 be appli$ by sub/itut+ #ejj1jjj =      
#bej1jjj44  7,b7 ,qualify+ s5ior ,=     
purposes ( ?is p>agraph1 ! t]m qualify+ 
s5ior means an individual :o is at lea/ 
#fe ye>s old on ! date ( su* sale or    
ex*ange4  7,c7 ,qualify+ resid5ce ,=    
purposes ( ?is p>agraph1 ! t]m qualify+ 
resid5ce means a pr9cipal resid5ce t has
 be5 own$ by ! taxpay] 79 ! case ( a    
jo9t return1 by ei!r sp\se7 = at lea/   
#be ye>s4  4  7b7 ,effective date ,!    
am5dm5t made by ?is section %all apply  
to taxable ye>s beg9n+ aft] ,decemb]    
#ca1 #bjbf4