Bipartisan legislation to raise capital gains tax exclusion reintroduced

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Bipartisan legislation to raise capital gains tax exclusion reintroduced

MONTEREY – Bipartisan legislation that would update the tax code “to incentivize homeowners to sell their properties, increasing the housing supply and alleviating affordability challenges in communities across the country” has been reintroduced by a group of congress members including Rep. Jimmy Panetta, D-Carmel Valley. The More Homes on the Market Act would make housing more available and affordable for Americans by raising the capital gains …