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HR 5643 110th Congress House

First-Time Homebuyers' Tax Credit Act of 2008

Official title: To amend the Internal Revenue Code of 1986 to allow a refundable credit against income tax for the purchase of a principal residence by a first-time homebuyer.

Introduced: March 14, 2008 See on congress.gov
Taxation Cost of living adjustmentsEconomics and Public FinanceHome ownershipHousing and Community Development
More subjectsShow fewer subjects
Housing financeIncome taxIndexing (Economic policy)Tax creditsTax refunds
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This bill died when the 110th Congress ended
It never became law before the 110th Congress (2007–2008) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 14, 2008
Referred to the House Committee on Ways and Means.
Mar 14, 2008
Introduced in House
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 Latest action March 14, 2008

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service
First-Time Homebuyers' Tax Credit Act of 2008 - Amends the Internal Revenue Code to: (1) allow an income-based, one-time refundable tax credit for first-time homebuyers of ten percent of a principal residence's purchase price ($3,000 maximum credit, $6,000 maximum credit for joint filers); (2) allow transfer of such credit (within 30 days of transfer application) as payment towards related downpayment and closing costs; and (3) apply the credit to purchases made on or after January 1, 2008, and before January 1, 2013, and to binding contracts made between such dates, and in which the residence is occupied before July 1, 2014.
 Related & companion bills 2
  • HR 5992 Related bill First Time Property Owners Tax Credit Act of 2008
  • S 1988 Related bill First-Time Homebuyers' Tax Credit Act of 2007
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1
Bordallo, Madeleine
· Mar 14, 2008
 D
Davis, Danny K.
Illinois · Mar 14, 2008
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5643: First-Time Homebuyers' Tax Credit Act of 2008. 110th Congress. Open America. https://openamerica.io/bill/110-HR-5643/
MLA
"H.R. 5643: First-Time Homebuyers' Tax Credit Act of 2008." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-HR-5643/.
Bluebook (legal)
H.R. 5643, 110th Cong. (2026), https://openamerica.io/bill/110-HR-5643/.
Markdown link
[H.R. 5643: First-Time Homebuyers' Tax Credit Act of 2008](https://openamerica.io/bill/110-HR-5643/)
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