Rep. James Gallagher

More Homes on the Market Act This bill increases the amount of gain from the sale of a principal residence that an individual may exclude from gross income (for federal tax purposes). Under the bill, an individual may exclude from gross income gain from the sale of a principal residence of up to $500,000 (currently $250,000), and taxpayers who are married and file a joint federal income tax return may exclude up to $1 million (currently $500.000). The bill also requires these amounts to be adjusted annually for inflation.

Maddy summaryThe Disaster Resiliency and Coverage Act of 2025 creates a federal program that provides grants to states and tribal governments to help homeowners in high-risk disaster areas make their homes more resilient. The program covers specific mitigation activities like reinforcing roofs, installing flood barriers, and creating fire-resistant features, with a $10,000 per household limit. Homeowners must have an adjusted gross income under $250,000 ($500,000 for joint returns) to qualify. The bill also includes tax benefits, allowing these grant amounts to be excluded from gross income and providing a 30% tax credit for qualifying mitigation expenditures.

Chiropractic Medicare Coverage Modernization Act of 2025 This bill expands Medicare coverage of chiropractic services to include all services provided by chiropractors, rather than only subluxation corrections through manual manipulation of the spine.