HR 1730
106th Congress
House
Taxation
Accounting
Business income tax
Commerce
Consumer credit
Finance and Financial Sector
Home ownership
Housing and Community Development
Income tax
Real estate business
Single family housing
Tax administration
First-Time Homebuyers Assistance Act
Introduced: May 6, 1999
See on congress.gov
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
Plain-English summary
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.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1