HR 1913
108th Congress
House
Taxation
Home ownership
Housing and Community Development
Income tax
Rural housing
Tax credits
Rural Housing Tax Credit Act of 2003
Introduced: May 1, 2003
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 1, 2003
Referred to the House Committee on Ways and Means.
May 1, 2003
Introduced in House
Plain-English summary
Rural Housing Tax Credit Act of 2003 - Amends the Internal Revenue Code to allow a credit (the lesser of ten percent of the purchase price or $5,000) for the purchase of a principal residence by a first-time rural homebuyer. Establishes credit limitations based upon: (1) adjusted gross income; and (2) tax.
Provides for credit recapture in the event of: (1) certain sales; or (2) failure to use as a principal residence.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1