Introduced the More Homes on the Market Act to raise the capital gains exclusion on home sales — from $250,000 to $500,000 for single filers and from $500,000 to $1 million for joint filers — to encourage home sales and increase housing supply.
Stated position. What this official has said they believe on this issue — a sourced claim, shown distinctly from any assessment of what they did. It is never scored and never affects the Integrity Score.
Derived from a tracked promise: “Introduced the More Homes on the Market Act to raise the capital gains exclusion on home sales — from $250,000 to $500,000 for single filers…”
Sources
- Office of U.S. Senator Mark Kelly (kelly.senate.gov)https://www.kelly.senate.gov/newsroom/press-releases/kelly-cornyn-bennet-colleagues-introduce-bill-to-increase-housing-availability-and-affordability/ ↗
“Arizona families feel the housing squeeze every day. Homeowners who want to move or downsize are worried they'll get hit with a big tax bill.”