S 478
106th Congress
Senate
Taxation
Economics and Public Finance
Enterprise zones
Home ownership
Housing and Community Development
Housing finance
Income tax
Personal income tax
Tax credits
Urban affairs
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
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
Plain-English summary
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.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1