Double the home-sale capital gains tax exclusion to $500,000 for individuals and $1 million for married couples, with future increases adjusted for inflation.

Nicole Malliotakis · New York · Republican

policy impact 0.58 specificity 0.90 extraction confidence 87%

Commitment kind: unknown. Promised action: not established. Promised outcome: not established. Deadline: unknown; not assumed expired.

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Occurrences

In addition to her legislation, Malliotakis discussed H.R. 1340, the More Homes on the Market Act, legislation she cosponsors which provides additional capital gains tax relief for homeowners of all ages to help bring more homes onto the market. The legislation doubles the current home sale capital gains exclusion from $250,000 to $500,000 for individuals and from $500,000 to $1 million for married couples, with future increases adjusted for inflation.

Malliotakis highlighted her cosponsorship of the More Homes on the Market Act, which would expand capital gains tax exclusions for home sellers and index them to inflation.

Malliotakis Rallies with Staten Island Realtors in Support of Capital Gains Tax Relief to Protect Seniors’ Nest Eggs | Representative Nicole Malliotakis
primary · press_release · model gpt-5.5

Evidence

legacy_unverified · Source version not recorded · locator unknown

Congress.gov lists H.R. 1340 as introduced February 13, 2025, referred to House Ways and Means, and still at the 'Introduced' tracker stage. The introduced text names Rep. Nicole Malliotakis among the original bill backers and would replace $250,000 with $500,000, $500,000 with $1,000,000, and add inflation adjustment language.

Unverified model/legacy excerpt; not proof. AI summary (separate from source): Malliotakis took concrete legislative action on a bill matching the pledge, but the bill had not advanced beyond introduction/referral on the official bill page available in this refresh.

unresolved same_term A for effort

H.R.1340 - More Homes on the Market Act, 119th Congress (2025-2026)
secondary · model gpt-5.5 · confidence 86%

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legacy_unverified · Source version not recorded · locator unknown

The U.S. Code text in effect on July 13, 2026 still caps the exclusion at $250,000 generally and substitutes $500,000 for qualifying joint returns; it does not show the pledged $500,000/$1,000,000 indexed thresholds.

Unverified model/legacy excerpt; not proof. AI summary (separate from source): Current federal law still reflects the old exclusion amounts shortly before the August 18, 2026 assessment date, so the promised tax-code change has not been enacted.

unresolved same_term A for effort

26 U.S.C. 121: Exclusion of gain from sale of principal residence
secondary · model gpt-5.5 · confidence 90%

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Assessments

Public state: unverified As of unknown · legacy_unverified · . Original AI recommendation (not independently established): never. same_term A for effort

The promised federal tax-code change has not been enacted: 26 U.S.C. 121 still shows the home-sale gain exclusion at $250,000 for individuals and $500,000 for qualifying joint returns, without the pledged $500,000/$1,000,000 indexed thresholds. Malliotakis did materially support a matching bill, H.R. 1340 in the 119th Congress, but it remained at introduction/referral rather than becoming law. That is a serious legislative effort but not delivery of the promised outcome.

provider codex_cli · model gpt-5.5 · confidence 90%