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HR 239 101th Congress House Taxation Home ownership Housing and Community Development Housing finance Income tax Individual retirement accounts Tax exclusion

First-Time Home Buyer's Act of 1989

Introduced: January 3, 1989 See on congress.gov
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This bill died when the 101st Congress ended
It never became law before the 101st Congress (1989–1990) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 3, 1989
Referred to the House Committee on Ways and Means.
Jan 3, 1989
Introduced in House
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 Plain-English summary Congressional Research Service

First-Time Home Buyer's Act of 1989 - Amends the Internal Revenue Code to spread over a ten-year period the taxation of up to $5,000 of individual retirement plan distributions used by a first-time homebuyer within 90 days to purchase, construct, or reconstruct a dwelling that will be used as the taxpayer's principal residence for at least three years.

What's happening now January 3, 1989

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 3
D
Schumer, Charles E.
New York · Apr 5, 1989
 D
Mfume, Kweisi
Maryland · Feb 7, 1989
 D
Pelosi, Nancy
California · Feb 7, 1989
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 239: First-Time Home Buyer's Act of 1989. 101st Congress. Open America. https://openamerica.io/bill/101-HR-239/
MLA
"H.R. 239: First-Time Home Buyer's Act of 1989." 101st Congress, 2026, Open America, https://openamerica.io/bill/101-HR-239/.
Bluebook (legal)
H.R. 239, 101st Cong. (2026), https://openamerica.io/bill/101-HR-239/.
Markdown link
[H.R. 239: First-Time Home Buyer's Act of 1989](https://openamerica.io/bill/101-HR-239/)
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