HR 5962
110th Congress
House
Taxation
Counseling
Finance and Financial Sector
Home ownership
Housing and Community Development
Housing finance
Income tax
Labor and Employment
Mortgages
Property tax
Social Welfare
Tax credits
Tax deductions
Tax exclusion
Unemployment insurance
Keep Our Homes Act of 2008
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 5, 2008
Referred to the House Committee on Ways and Means.
May 5, 2008
Introduced in House
Plain-English summary
Keep Our Homes Act of 2008 - Amends the Internal Revenue Code to allow: (1) a tax deduction through 2012 for mortgage counseling costs; (2) a tax deduction through 2009 for amounts, up to $5,000, of mortgage indebtedness in excess of the assessed value of a principal residence; (3) a one-time tax credit for a percentage of the purchase price of a principal residence; (4) nonitemizing taxpayers a tax deduction in 2008 or 2009 for real property taxes; and (5) an exclusion from gross income for unemployment compensation received in 2008 or 2009.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1