Homeowners Relief Act of 1997

See H.R.2014.

Congressional Research Service

Official summary

Version 00 · Introduced in House · Jan 7, 1997

Homeowners Relief Act of 1997 - Amends the Internal Revenue Code to exclude gain from the sale or exchange of a principal residence by an individual from gross income if, during the seven-year period ending before the sale or exchange, such residence has been owned and used by the taxpayer as the taxpayer's principal residence for periods aggregating five years or more. (Currently, the exclusion has a dollar limitation, is applicable to only one sale, and is available only to an individual who has attained the age of 55 and has used the property as a principal residence for three of the five years preceding the sale.)

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People & committees

Who introduced it

Rep. Kelly, Sue W. [R-NY-19] · R–NY

Committees

Ways and Means Committee

22 cosponsorship records, including any withdrawals

Legislative record

Actions

A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.

Aug 5, 1997
See H.R.2014.
Jan 7, 1997
Referred to the House Committee on Ways and Means.
Jan 7, 1997
Sponsor introductory remarks on measure. (CR E41)
Jan 7, 1997
Introduced in House
Jan 7, 1997
Introduced in House

Primary sources

Bill text & related measures

Text links open the official source. We currently store references to these documents.

Introduced in House · Jan 7, 1997 Formatted Text PDF

Related bills identified by Congress.gov

HR 2014 · Taxpayer Relief Act of 1997

Source last updated: Aug 21, 2025. Consult Congress.gov for the current record.

AI Conversation Starters

Explore the bill from different angles

Choose a perspective, copy a prompt, and paste it into your preferred AI. Each prompt includes the bill version and available official source links, and asks for counterarguments as well as supporting evidence.

Neutral evidence review

Objective

Analyze H.R.200 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Discuss H.R.200, 105th Congress: Homeowners Relief Act of 1997

Official record: https://www.congress.gov/bill/105th-congress/house-bill/200

Text version to examine: Introduced in House · 1997-01-07.

Official full text: https://www.congress.gov/105/bills/hr200/BILLS-105hr200ih.htm

Imported record last updated by the source: 2025-08-21T16:14:02Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Analyze H.R.200 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

Fairness and public impact

Progressive lens

Examine H.R.200 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

View full prompt & sources

Discuss H.R.200, 105th Congress: Homeowners Relief Act of 1997

Official record: https://www.congress.gov/bill/105th-congress/house-bill/200

Text version to examine: Introduced in House · 1997-01-07.

Official full text: https://www.congress.gov/105/bills/hr200/BILLS-105hr200ih.htm

Imported record last updated by the source: 2025-08-21T16:14:02Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.200 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

Institutions and government scope

Conservative lens

Examine H.R.200 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

View full prompt & sources

Discuss H.R.200, 105th Congress: Homeowners Relief Act of 1997

Official record: https://www.congress.gov/bill/105th-congress/house-bill/200

Text version to examine: Introduced in House · 1997-01-07.

Official full text: https://www.congress.gov/105/bills/hr200/BILLS-105hr200ih.htm

Imported record last updated by the source: 2025-08-21T16:14:02Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.200 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

Individual rights and government power

Liberty lens

Examine H.R.200 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.

View full prompt & sources

Discuss H.R.200, 105th Congress: Homeowners Relief Act of 1997

Official record: https://www.congress.gov/bill/105th-congress/house-bill/200

Text version to examine: Introduced in House · 1997-01-07.

Official full text: https://www.congress.gov/105/bills/hr200/BILLS-105hr200ih.htm

Imported record last updated by the source: 2025-08-21T16:14:02Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.200 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.