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          <title>WashingtonWatch.com - H.R. 3764, The Peace Corps Volunteers Tax Improvement Act of 2007</title>
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<title>Revision by webmaster (November 21, 2007, 01:00:00)</title>
<link>http://www.washingtonwatch.com/bills/history/110_HR_3764.html?rev=14375</link>
<description>&lt;p&gt;H.R. 3764 would amend the Internal Revenue Code of 1986 to suspend the 5-year period relating to the exclusion of gain on the sale of a principal residence during a period of service with the Peace Corps.&lt;/p&gt;


&lt;h2 id=&quot;toc0&quot;&gt; Detailed Summary &lt;/h2&gt;
&lt;p&gt;Peace Corps Volunteers Tax Improvement Act of 2007 - Amends the Internal Revenue Code to allow a taxpayer election to suspend the five-year ownership and use requirements for the tax exclusion of gain from the sale of a principal residence during any period in which such taxpayer (or spouse) is serving outside the United States as a Peace Corps employee or volunteer.&lt;/p&gt;

&lt;p&gt;Directs the Secretary of the Treasury, in consultation with the Director of the Peace Corps, to publish guidance on allowable tax deductions related to Peace Corps service.&lt;/p&gt;


&lt;!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc1&quot;&gt; Status of the Legislation &lt;/h2&gt;
&lt;p&gt;Latest Major Action: 10/4/2007: Referred to House committee. Status: Referred to the House Committee on Ways and Means.&lt;/p&gt;


&lt;!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc2&quot;&gt; Points in Favor &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;


&lt;h2 id=&quot;toc3&quot;&gt; Points Against &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should not pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;

</description>
<guid isPermaLink="false">14375@http://www.washingtonwatch.com</guid>
<pubDate>Wed, 21 Nov 2007 00:00:00 EST</pubDate>
</item>
<item>
<title>Revision by webmaster (October 10, 2007, 01:00:00)</title>
<link>http://www.washingtonwatch.com/bills/history/110_HR_3764.html?rev=11117</link>
<description>&lt;p&gt;H.R. 3764 would amend the Internal Revenue Code of 1986 to suspend the 5-year period relating to the exclusion of gain on the sale of a principal residence during a period of service with the Peace Corps.&lt;/p&gt;


&lt;h2 id=&quot;toc4&quot;&gt; Detailed Summary &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to provide a detailed summary of the bill!)&lt;/p&gt;


&lt;!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc5&quot;&gt; Status of the Legislation &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to update the status of the bill!)&lt;/p&gt;


&lt;!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc6&quot;&gt; Points in Favor &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;


&lt;h2 id=&quot;toc7&quot;&gt; Points Against &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should not pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;

</description>
<guid isPermaLink="false">11117@http://www.washingtonwatch.com</guid>
<pubDate>Wed, 10 Oct 2007 00:00:00 EDT</pubDate>
</item>
<item>
<title>Revision by webmaster (October 10, 2007, 01:00:00)</title>
<link>http://www.washingtonwatch.com/bills/history/110_HR_3764.html?rev=11118</link>
<description>&lt;p&gt;H.R. 3764 would amend the Internal Revenue Code of 1986 to suspend the 5-year period relating to the exclusion of gain on the sale of a principal residence during a period of service with the Peace Corps.&lt;/p&gt;


&lt;h2 id=&quot;toc8&quot;&gt; Detailed Summary &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to provide a detailed summary of the bill!)&lt;/p&gt;


&lt;!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc9&quot;&gt; Status of the Legislation &lt;/h2&gt;
&lt;p&gt;Latest Major Action: 10/4/2007: Referred to House committee. Status: Referred to the House Committee on Ways and Means.&lt;/p&gt;


&lt;!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc10&quot;&gt; Points in Favor &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;


&lt;h2 id=&quot;toc11&quot;&gt; Points Against &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should not pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;

</description>
<guid isPermaLink="false">11118@http://www.washingtonwatch.com</guid>
<pubDate>Wed, 10 Oct 2007 00:00:00 EDT</pubDate>
</item>
<item>
<title>Status as of October 4, 2007</title>
<link>http://www.washingtonwatch.com/bills/show/110_HR_3764.html</link>
<description>10/4/2007: Referred to House committee. Status: Referred to the House Committee on Ways and Means.</description>
<guid isPermaLink="false">26254@http://www.washingtonwatch.com</guid>
<pubDate>Thu, 04 Oct 2007 00:00:00 EDT</pubDate>
</item>
<item>
<title>Status as of October 4, 2007</title>
<link>http://www.washingtonwatch.com/bills/show/110_HR_3764.html</link>
<description>10/4/2007: Referred to House committee. Status: Referred to the House Committee on Ways and Means.</description>
<guid isPermaLink="false">28038@http://www.washingtonwatch.com</guid>
<pubDate>Thu, 04 Oct 2007 00:00:00 EDT</pubDate>
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