A bill to amend the Internal Revenue Code of 1986 to exclude from gross income the gain from the sale of a principal residence by certain employees of the intelligence community.

This bill would change federal tax rules to allow certain employees of the U.S. intelligence community to avoid paying capital gains taxes on the sale of their primary home, even if they have not lived there for the required amount of time. Under standard tax law, homeowners must typically live in a house for at least two of the five years prior to a sale to qualify for this tax exclusion. This legislation would waive those residency requirements for intelligence professionals, ensuring they are not financially penalized for frequent or sudden relocations required by their service to the government.