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New bill would eliminate federal tax on home sales

(The Center Square) — Real estate owners looking to sell their homes in the future may be able to avoid paying the federal capital gains tax if newly-introduced legislation passes.

The No Tax on Home Sales Act, introduced Thursday by U.S. Rep. Majorie Taylor Greene, R-Ga., would eliminate the federal capital gains tax on home sales if the home is the seller’s primary residence. This caveat would en…

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