H.R. 1340House119th Congress (2025-2027)In Committee

More Homes on the Market Act

AI-Generated Summary

Updated November 24, 2025 at 2:38 AM UTC

The More Homes on the Market Act changes the Internal Revenue Code to let homeowners exclude a larger amount of profit when they sell their main residence. It doubles the exclusion limits for individuals and married couples, and it builds in an inflation‑adjusted increase for future years. The changes take effect for sales that happen after the law is passed.

Key Provisions

Raises the tax‑free gain exclusion on the sale of a primary home from $250,000 to $500,000 for single filers and from $500,000 to $1,000,000 for married couples filing jointly.
Adds an automatic inflation adjustment for the exclusion amounts for taxable years beginning after 2024, using the cost‑of‑living index (based on a 2023 baseline) and rounding the increase down to the nearest $100.
Applies the new limits to any home sale or exchange that occurs after the law is enacted.

Legislative Activity

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1 earlier action

HouseIntro Referral Latest Action

Referred to the House Committee on Ways and Means.

Ways and Means Committee

February 13, 2025

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HouseIntro Referral

Introduced in House

February 13, 2025

HouseIntro Referral

Referred to the House Committee on Ways and Means.

Ways and Means Committee

February 13, 2025

Floor Debate

1 member

What members said about H.R. 1340 on the floor

1 Republican

Rep. Monica De La CruzR-TX-15 · Jul 9, 2026

Under clause 7 of rule XII, sponsors were added to public bills and resolutions, as follows: H.R. 7: Mr. Van Epps. H.R. 138: Ms. Norton, Ms. Hoyle of Oregon, and Mr. Calvert. H.R. 491: Ms. Wilson of…

Under clause 7 of rule XII, sponsors were added to public

bills and resolutions, as follows:

H.R. 7: Mr. Van Epps.

H.R. 138: Ms. Norton, Ms. Hoyle of Oregon, and Mr. Calvert.

H.R. 491: Ms. Wilson of Florida.

H.R. 516: Mr. Mullin.

H.R. 569: Ms. Fedorchak.

H.R. 614: Mr. Lawler.

H.R. 652: Ms. Moore of Wisconsin.

H.R. 1055: Mr. Costa and Mr. Keating.

H.R. 1065: Ms. Garcia of Texas.

H.R. 1105: Mr. Gallagher.

H.R. 1106: Mr. Riley of New York.

H.R. 1138: Ms. Salazar.

H.R. 1189: Ms. Clarke of New York.

H.R. 1227: Mr. Himes and Mr. Rulli.

H.R. 1229: Mr. Van Epps.

H.R. 1340: Mr. Obernolte.

H.R. 1589: Mr. Pappas.

H.R. 1685: Ms. DelBene.

H.R. 1700: Ms. McCollum.

H.R. 1782: Mr. Case.

H.R. 1787: Ms. Tlaib, Mr. Levin, Mr. Mrvan, Mr. Ivey, Mr.

Pocan, and Mr. Menefee.

H.R. 1946: Mr. Higgins of Louisiana.

H.R. 1970: Mr. Van Orden.

H.R. 2002: Mr. Fitzpatrick.

H.R. 2028: Mr. Torres of New York.

H.R. 2089: Mr. Timmons, Mr. Van Epps, Mrs. Fischbach, and

Ms. De La Cruz.

H.R. 2120: Ms. Perez.

H.R. 2245: Mr. Carson.

H.R. 2305: Mr. Thompson of Pennsylvania and Mr. Magaziner.

H.R. 2332: Mr. Carey.

H.R. 2350: Mr. Thompson of Pennsylvania.

H.R. 2414: Ms. McBride.

H.R. 2509: Mr. Langworthy.

H.R. 2531: Mr. Costa, Ms. Schrier, Mr. Norcross, and Mr.

Van Orden.

H.R. 2587: Mr. Figures.

H.R. 2678: Mr. Garcia of Illinois, Mrs. McIver, and Mr.

Conaway.

H.R. 2767: Mr. Lynch.

H.R. 2859: Ms. Ross.

H.R. 2936: Mrs. Foushee, Mr. Carbajal, and Mr. Amo.

H.R. 3045: Mr. Riley of New York and Mr. Whitesides.

H.R. 3057: Mr. Hunt.

H.R. 3105: Mr. Fitzgerald.

H.R. 3111: Mr. Pallone.

H.R. 3184: Mr. Crow and Mrs. Grijalva.

H.R. 3199: Mrs. Kim.

H.R. 3206: Mr. Cuellar.

H.R. 3223: Ms. Perez.

H.R. 3243: Mr. Cohen, Mr. Gomez, Mr. Espaillat, Mr. Casar,

Mrs. Foushee, Mr. Case, Ms. Clarke of New York, Ms.

Pettersen, Mr. Castro of Texas, Ms. Brown, and Ms. Meng.

H.R. 3295: Mrs. Kim.

H.R. 3307: Mr. Thanedar, Mr. Mackenzie, and Mr. Buchanan.

H.R. 3310: Mr. Moskowitz.

H.R. 3505: Mr. Amo.

H.R. 3644: Mr. Subramanyam.

H.R. 3821: Mr. Riley of New York.

H.R. 3906: Ms. Williams of Georgia.

H.R. 4092: Mr. Fulcher.

H.R. 4119: Mr. DesJarlais and Mr. Van Epps.

H.R. 4180: Mr. Beyer.

H.R. 4443: Mr. Larson of Connecticut.

H.R. 4487: Ms. Waters.

H.R. 4525: Mr. Deluzio.

H.R. 4620: Ms. De La Cruz.

H.R. 4696: Ms. Crockett and Mr. Torres of New York.

H.R. 4763: Mr. Raskin.

H.R. 4876: Ms. Scholten, Mr. Frost, and Mr. Crow.

H.R. 4881: Mr. Case.

H.R. 4958: Ms. Schrier.

H.R. 5106: Mr. Gallagher and Mr. Hamadeh of Arizona.

H.R. 5199: Mr. Nunn of Iowa.

H.R. 5203: Ms. Stansbury.

H.R. 5335: Mr. Gimenez.

H.R. 5448: Mr. McGovern.

H.R. 5463: Mr. Onder.

H.R. 5486: Mr. Pallone and Mrs. Fletcher.

H.R. 5521: Ms. Salinas.

H.R. 5543: Mr. Raskin.

H.R. 5549: Mrs. Spartz and Mr. Fulcher.

H.R. 5731: Mr. Figures.

H.R. 5791: Mr. Carbajal and Ms. Meng.

H.R. 6056: Mr. Correa, Mr. Meeks, and Ms. Williams of

Georgia.

H.R. 6130: Mr. Gray, Mr. Mrvan, Mr. Raskin, Mr. Larson of

Connecticut, Mrs. Ramirez, Mr. Schneider, Mr. Costa, Mr.

Garbarino, Mr. Rouzer, and Ms. McClellan.

H.R. 6181: Mr. Cisneros and Mr. Harder of California.

H.R. 6509: Mr. Mrvan.

H.R. 6520: Mr. Messmer.

H.R. 6529: Mr. Vindman.

H.R. 6574: Ms. Goodlander.

H.R. 6610: Mr. McCormick.

H.R. 6617: Ms. Hoyle of Oregon.

H.R. 6677: Ms. Hoyle of Oregon and Mr. Amo.

H.R. 6682: Mr. Riley of New York.

H.R. 6694: Ms. Velazquez and Ms. Ocasio-Cortez.

H.R. 6718: Mr. Carson.

H.R. 6766: Mr. Landsman and Mr. Obernolte.

H.R. 6806: Mr. Olszewski and Mr. Amo.

H.R. 6832: Mr. Feenstra.

H.R. 6849: Mr. Costa.

H.R. 7016: Mr. Beyer, Mr. Raskin, and Ms. Simon.

H.R. 7411: Mr. Carson.

H.R. 7539: Mr. Gallagher, Mr. Fine, Mrs. Miller of

Illinois, and Mr. Stauber.

H.R. 7601: Ms. Ocasio-Cortez.

H.R. 7622: Mr. Carson and Mr. Amo.

H.R. 7625: Mr. Garamendi.

H.R. 7651: Mr. Alford, Mr. Austin Scott of Georgia, and Ms.

Boebert.

H.R. 7905: Mr. Bacon.

H.R. 7945: Mr. Kustoff.

H.R. 7961: Ms. Houlahan and Mr. Amo.

H.R. 7977: Mr. Norcross.

H.R. 7986: Ms. Lofgren.

H.R. 7998: Ms. Norton.

H.R. 8016: Ms. Wasserman Schultz.

H.R. 8045: Mr. Scott of Virginia.

H.R. 8073: Mr. Figures.

H.R. 8162: Mr. Lawler.

H.R. 8200: Mr. Bost.

H.R. 8205: Mrs. Miller of West Virginia, Mrs. Hayes, Mr.

Latimer, Mr. Davis of North Carolina, Ms. McBride, Mr. Riley

of New York, Mr. Conaway, Ms. Stansbury, Ms. Ross, Ms.

Pingree, Mr. Himes, Mrs. Watson Coleman, Mr. Casten, Mr.

Landsman, Mrs. Grijalva, Ms. Mejia, Mr. Larson of

Connecticut, Mr. Sorensen, Mr. Peters, Mr. Jackson of

Illinois, Ms. Adams, Ms. Budzinski, Mrs. Beatty, Mr.

Magaziner, Ms. Kaptur, Mr. Carter of Louisiana, Mr. Suozzi,

and Ms. Scanlon.

H.R. 8271: Ms. Tenney.

H.R. 8330: Mr. Gallagher.

H.R. 8373: Mrs. Grijalva.

H.R. 8375: Mr. Carter of Louisiana, Ms. Budzinski, and Mr.

Ciscomani.

H.R. 8411: Mr. Johnson of Georgia.

H.R. 8465: Mr. Keating.

H.R. 8468: Mr. Hunt.

H.R. 8490: Mr. Carson.

H.R. 8501: Mr. Figures and Mr. Thompson of California.

H.R. 8600: Mr. Whitesides.

H.R. 8666: Mr. DeSaulnier, Ms. Friedman, and Mr. Tran.

H.R. 8691: Mr. Carson and Mr. Costa.

H.R. 8730: Mrs. Miller of West Virginia, Ms. Crockett, and

Mr. Mrvan.

H.R. 8839: Mr. Moskowitz.

H.R. 8887: Mr. Neguse.

H.R. 8892: Mr. Carey.

H.R. 8898: Ms. McBride and Mrs. Miller-Meeks.

H.R. 8909: Ms. Velazquez.

H.R. 8939: Ms. Waters.

H.R. 8955: Mr. Crow.

H.R. 8979: Mr. Figures.

H.R. 8982: Mr. Suozzi, Ms. Simon, and Mr. Subramanyam.

H.R. 8990: Mr. Moran.

H.R. 9021: Mr. Thanedar, Ms. Titus, and Mrs. McIver.

H.R. 9032: Ms. Waters and Ms. Crockett.

H.R. 9043: Mr. McDowell.

H.R. 9048: Mr. Riley of New York, Mrs. Kiggans of Virginia,

and Mr. Weber of Texas.

H.R. 9129: Ms. Salinas.

H.R. 9169: Mr. Van Drew.

H.R. 9183: Ms. Crockett.

H.R. 9189: Ms. Tlaib.

H.R. 9199: Mr. Norman.

H.R. 9204: Ms. Chu.

H.R. 9205: Ms. Chu.

H.R. 9211: Mr. Buchanan and Mr. Bell.

H.R. 9216: Mr. Cohen and Ms. Waters.

H.R. 9250: Mr. Garbarino, Ms. DelBene, Mr. Moore of West

Virginia, Mr. Garcia of California, Mr. Harrigan, Mr. Levin,

Mr. Flood, Ms. Chu, Mr. Meuser, and Ms. Crockett.

H.R. 9289: Mr. Vindman.

H.R. 9293: Mr. Evans of Colorado and Mr. Mackenzie.

H.R. 9332: Mr. Vindman.

H.R. 9339: Mr. Vindman.

H.R. 9361: Mr. Finstad and Mr. Jackson of Texas.

H.R. 9370: Ms. Brown and Ms. Scholten.

H.R. 9371: Mr. Frost.

H.R. 9382: Mr. Mannion and Ms. Tenney.

H.R. 9401: Mr. Lawler, Mr. Crow, and Ms. DelBene.

H.R. 9411: Mr. Fitzpatrick.

H.R. 9414: Mr. Vindman, Mr. Cisneros, Mr. Keating, and Ms.

McBride.

H.R. 9417: Mr. Moylan, Mr. Haridopolos, Mr. Rogers of

Kentucky, and Mr. McDowell.

H.R. 9421: Ms. Tenney and Mr. Steube.

H.R. 9441: Ms. Dexter and Mr. Tonko.

H.R. 9448: Ms. Ross, Mr. Lieu, and Mr. Nadler.

H.R. 9451: Mr. Fitzpatrick.

H.R. 9492: Mr. Fitzpatrick.

H.R. 9508: Mr. Fitzpatrick.

H.R. 9535: Mr. Van Drew.

H.R. 9580: Mr. Messmer.

H.R. 9591: Ms. Crockett, Mr. Evans of Pennsylvania, Ms.

Williams of Georgia, Ms. Underwood, Ms. Simon, Ms. Wilson of

Florida, and Ms. Chu.

H.J. Res. 12: Mr. Ciscomani.

H.J. Res. 135: Mr. Whitesides.

H.J. Res. 200: Mr. Menendez and Mr. Pallone.

H. Con. Res. 37: Mr. Tonko, Ms. Bonamici, and Mrs. Foushee.

H. Con. Res. 44: Ms. Pingree, Ms. Garcia of Texas, Mr.

Vargas, Ms. Wasserman Schultz, Mr. Krishnamoorthi, and Mr.

Pocan.

H. Res. 547: Ms. Waters.

H. Res. 1025: Ms. Waters.

H. Res. 1382: Mrs. Biggs of South Carolina.

H. Res. 1384: Mr. Bell, Ms. Brown, Mr. Garcia of Illinois,

Mrs. Beatty, Ms. Norton, Mrs. McIver, Mr. Goldman of New

York, Mr. Castro of Texas, Ms. Strickland, Mr. Davis of

Illinois, Ms. Barragan, Ms. Mejia, Mr. Conaway, Mr. Takano,

Mr. Menefee, Ms. Salinas, Mrs. Foushee, Ms. Chu, Mr. Cohen,

and Mr. Gomez.

H. Res. 1395: Mr. Fields.

H. Res. 1415: Mr. DeSaulnier and Ms. Jayapal.

H. Res. 1420: Ms. Underwood and Ms. Bynum.

Bill Text

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Introduced in HouseIssued February 13, 2025

119th CONGRESS

1st Session

H. R. 1340

IN THE HOUSE OF REPRESENTATIVES

February 13, 2025

Mr. Panetta (for himself, Mr. Kelly of Pennsylvania, Ms. Malliotakis, Mr. Yakym, Mr. Correa, Ms. DelBene, Ms. Scholten, Ms. Brownley, Ms. Salazar, Mr. Mullin, Mr. Issa, Mr. Harder of California, Mr. Bacon, Ms. McCollum, Mr. Goldman of New York, Mr. Rutherford, Mr. Costa, Ms. Barragán, Mr. Swalwell, Mr. Lawler, Ms. De La Cruz, Ms. Pettersen, Ms. Ansari, Mr. Liccardo, Mr. Gottheimer, Mr. Thanedar, Mr. Carbajal, and Mr. Fitzpatrick) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to increase the exclusion of gain from the sale of a principal residence, and for other purposes.

Short title

This Act may be cited as the More Homes on the Market Act.

Increase of exclusion of gain from sale of principal residence

(a)

In general

Section 121(b) of the Internal Revenue Code of 1986 is amended—

(1)

by striking $250,000 and inserting $500,000 each place it appears,

(2)

by striking 500,000 and inserting $1,000,000 each place it appears,

(3)

in paragraph (2)(A), in the heading, by striking $500,000 and inserting $1,000,000, and

(4)

by adding at the end the following new paragraph:

(5)

Adjustment for inflation

In the case of a taxable year beginning after 2024, the $500,000 and $1,000,000 amounts in paragraphs (1), (2), and (4) shall be increased by an amount equal to—

(A)

such dollar amount, multiplied by

(B)

the cost-of-living adjustment determined under section 1(f)(3) for the calendar year in which the taxable year begins, determined by substituting 2023 for 2016 in subparagraph (A)(ii) thereof.

If any increase under this clause is not a multiple of $100, such increase shall be rounded to the next lowest multiple of $100.

(b)

Effective date

The amendments made by this section shall apply to sales and exchanges after the date of the enactment of this Act.