HR 1773
107th Congress
House
To amend the Internal Revenue Code of 1986 to allow a credit against income tax for the purchase of a principal residence by a first-time homebuyer.
Taxation
Home ownershipHousing and Community DevelopmentHousing financeIncome tax
More subjectsShow fewer subjects
Personal income taxTax credits
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 9, 2001
Referred to the House Committee on Ways and Means.
May 9, 2001
Introduced in House
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Latest action
Referred to the House Committee on Ways and Means.
Plain-English summary
Amends the Internal Revenue Code to allow a first-time homebuyer who purchases a principal residence a tax credit of ten percent of the purchase price of such residence. Limits the credit to $6,500. Requires married individuals filing jointly to both be first-time homebuyers. Makes this credit applicable to a principal residence only if the taxpayer enters into, on or after June 1, 2001, and before June 1, 2002, a binding contract to purchase the residence, and purchases and occupies the residence before January 1, 2003.
Bill text
1 version
- Introduced in House Formatted Text PDF
Committees of jurisdiction
1
Cite this page
U.S. Congress. (2026). H.R. 1773: To amend the Internal Revenue Code of 1986 to allow a credit against income tax for the purchase of a principal residence by a first-time homebuyer.. 107th Congress. Open America. https://openamerica.io/bill/107-HR-1773/
"H.R. 1773: To amend the Internal Revenue Code of 1986 to allow a credit against income tax for the purchase of a principal residence by a first-time homebuyer.." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-1773/.
H.R. 1773, 107th Cong. (2026), https://openamerica.io/bill/107-HR-1773/.
[H.R. 1773: To amend the Internal Revenue Code of 1986 to allow a credit against income tax for the purchase of a principal residence by a first-time homebuyer.](https://openamerica.io/bill/107-HR-1773/)