Rural Housing Tax Credit Act of 2005
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Rural Housing Tax Credit Act of 2005 - Amends the Internal Revenue Code to allow a nonrefundable tax credit (the lesser of ten percent of the purchase price or $5,000) for the purchase of a principal residence in a rural area by a first-time homebuyer. Limits the amount of such credit based on taxpayer modified adjusted gross income.
Requires the recapture of credit amounts if a taxpayer fails to use a residence for which a tax credit is allowed as a principal residence or sells such residence within five years of purchase.
Referred to the House Committee on Ways and Means.
- Introduced in House Formatted Text PDF
Cite this page
U.S. Congress. (2026). H.R. 883: Rural Housing Tax Credit Act of 2005. 109th Congress. Open America. https://openamerica.io/bill/109-HR-883/
"H.R. 883: Rural Housing Tax Credit Act of 2005." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-HR-883/.
H.R. 883, 109th Cong. (2026), https://openamerica.io/bill/109-HR-883/.
[H.R. 883: Rural Housing Tax Credit Act of 2005](https://openamerica.io/bill/109-HR-883/)