Malliotakis' legislation, the Nest Egg Protection Act, would lower the capital gains tax burden on seniors selling homes that have long served as their nest eggs by temporarily increasing the capital gains tax exclusion to $1 million for individuals and married couples aged 65 or older. To qualify, homeowners must have owned their primary residence for at least 25 years.
Temporarily increase the home-sale capital gains tax exclusion to $1 million for homeowners age 65 or older who have owned their primary residence for at least 25 years.
Occurrences
Evidence
legacy_unverified · Source version not recorded · locator unknown
H.R. 9064 would substitute $1,000,000 for the current exclusion for qualifying seniors, with a qualifying residence owned at least 25 years.
legacy_unverified · Source version not recorded · locator unknown
GovInfo lists the last action as May 29, 2026: introduced by Ms. Malliotakis and referred to House Ways and Means.
Assessments
Malliotakis introduced H.R. 9064 in the 119th Congress, and the bill text closely matches the promise by temporarily raising the home-sale capital gains exclusion to $1 million for qualifying homeowners age 65 or older who owned their primary residence for at least 25 years. As of the available official status, the bill had only been introduced and referred to House Ways and Means on May 29, 2026, with no enactment or implementation. Because she made a concrete same-term legislative effort but the promised tax change has not passed, the promise remains unresolved rather than delivered.