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S 478 106th Congress Senate

A bill to amend the Internal Revenue Code of 1986 to provide a credit for the purchase of a principle residence within an empowerment zone or enterprise community by a first-time homebuyer.

Introduced: February 25, 1999 Introduced by: Schumer, Charles E. Democratic · New York See on congress.gov
Taxation Economics and Public FinanceEnterprise zonesHome ownershipHousing and Community Development
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Housing financeIncome taxPersonal income taxTax creditsUrban affairs
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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
Feb 25, 1999
Read twice and referred to the Committee on Finance.
Feb 25, 1999
Sponsor introductory remarks on measure. (CR S2022)
Feb 25, 1999
Introduced in Senate
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 Latest action February 25, 1999

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to permit a limited tax credit to a first-time purchaser of a principal residence in an enterprise zone or an empowerment community.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 478: A bill to amend the Internal Revenue Code of 1986 to provide a credit for the purchase of a principle residence within an empowerment zone or enterprise community by a first-time homebuyer.. 106th Congress. Open America. https://openamerica.io/bill/106-S-478/
MLA
"S. 478: A bill to amend the Internal Revenue Code of 1986 to provide a credit for the purchase of a principle residence within an empowerment zone or enterprise community by a first-time homebuyer.." 106th Congress, 2026, Open America, https://openamerica.io/bill/106-S-478/.
Bluebook (legal)
S. 478, 106th Cong. (2026), https://openamerica.io/bill/106-S-478/.
Markdown link
[S. 478: A bill to amend the Internal Revenue Code of 1986 to provide a credit for the purchase of a principle residence within an empowerment zone or enterprise community by a first-time homebuyer.](https://openamerica.io/bill/106-S-478/)
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