U.S. Congress legislation · 119th Congress
HB10883: American Home Mobility Act
Status: In committee, October 22, 2026
To amend the Internal Revenue Code of 1986 to provide for nonrecognition of gain or loss on like-kind exchanges of certain residential real property, and for other purposes.
What the bill says
To amend the Internal Revenue Code of 1986 to provide for nonrecognition of gain or loss on like-kind exchanges of certain residential real property, and for other purposes.
From the introduced text, October 22, 2026:
A BILL To amend the Internal Revenue Code of 1986 to provide for nonrecognition of gain or loss on like-kind exchanges of certain residential real property, and for other purposes. SECTION 1. Short title This Act may be cited as the American Home Mobility Act . SECTION 2. Nonrecognition of gain or loss on like-kind exchanges of certain residential real property (a) In general Section 1031(a)(1) of the Internal Revenue Code of 1986 is amended-- (1) by striking recognized on the exchange of real property and inserting recognized on-- (A) the exchange of real property , (2) by striking the period at the end and inserting , or , and (3) by adding at the end the following: (B) the exchange of real property if-- (i) during the 30-year period ending on the date of the exchange, such property has been owned and used by the taxpayer as the taxpayer's principal residence (within the meaning of section 121), and (ii) such property is exchanged solely for real property of like-kind which is to be held for use as the taxpayer's principal residence (within such meaning). . (b) Conforming amendments (1) The heading of section 1031 of such Code is amended by inserting , or held for use as principal residence after investment . (2) The item relating to section 1031 …
Sponsors
- Michael Lawler (R, HD-017) · primary sponsor
- Josh Gottheimer (D, HD-005)
Latest actions
- : Referred to the House Committee on Ways and Means.
- : Introduced in House
Common questions
- What is HB10883?
- HB10883 is a bill in Congress (119th Congress): American Home Mobility Act.
- What does HB10883 do?
- In its own words: To amend the Internal Revenue Code of 1986 to provide for nonrecognition of gain or loss on like-kind exchanges of certain residential real property, and for other purposes.
- What is the status of HB10883?
- In committee as of October 22, 2026. Latest action: Referred to the House Committee on Ways and Means. (October 22, 2026).
- Who sponsored HB10883?
- Michael Lawler (R, HD-017), with 1 co-sponsor.
- Where is the official record for HB10883?
- On the Congress website: https://www.congress.gov/bill/119th-congress/house-bill/10883
Source: official Congress record. Tracked by Delilah, AI for legislation across all 50 states and Congress.