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HR 1730 106th Congress House

First-Time Homebuyers Assistance Act

Official title: To amend the Internal Revenue Code of 1986 to allow the installment method to be used to report income from the sale of certain residential real property, and for other purposes.

Introduced: June 24, 1999 See on congress.gov
Taxation AccountingBusiness income taxCommerceConsumer credit
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Finance and Financial SectorHome ownershipHousing and Community DevelopmentIncome taxReal estate businessSingle family housingTax administration
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This bill died when the 106th Congress ended
It never became law before the 106th Congress (1999–2000) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 6, 1999
Referred to the House Committee on Ways and Means.
May 6, 1999
Sponsor introductory remarks on measure. (CR E897)
May 6, 1999
Introduced in House
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 Latest action May 6, 1999

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service
First-Time Homebuyers Assistance Act - Amends the Internal Revenue Act to permit the installment method to be used to report income from the sale of certain residential real property to a purchaser having no ownership interest in such a property during the prior three-year period. (Exempts such sale from specified dealer disposition provisions.)

Applies certain pledge of installment obligation provisions to such sales.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 1
DEUTSCH, PETER
· Jun 24, 1999
Faleomavaega, Eni
· Jun 24, 1999
 D
Lofgren, Zoe
California · Jun 24, 1999
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1730: First-Time Homebuyers Assistance Act. 106th Congress. Open America. https://openamerica.io/bill/106-HR-1730/
MLA
"H.R. 1730: First-Time Homebuyers Assistance Act." 106th Congress, 2026, Open America, https://openamerica.io/bill/106-HR-1730/.
Bluebook (legal)
H.R. 1730, 106th Cong. (2026), https://openamerica.io/bill/106-HR-1730/.
Markdown link
[H.R. 1730: First-Time Homebuyers Assistance Act](https://openamerica.io/bill/106-HR-1730/)
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