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HR 5962 110th Congress House

Keep Our Homes Act of 2008

Official title: To amend the Internal Revenue Code of 1986 to provide temporary housing related tax relief for individuals, and for other purposes.

Introduced: May 5, 2008 Introduced by: Diaz-Balart, Mario Republican · Florida See on congress.gov
Taxation CounselingFinance and Financial SectorHome ownershipHousing and Community Development
More subjectsShow fewer subjects
Housing financeIncome taxLabor and EmploymentMortgagesProperty taxSocial WelfareTax creditsTax deductionsTax exclusionUnemployment insurance
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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
May 5, 2008
Referred to the House Committee on Ways and Means.
May 5, 2008
Introduced in House
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 Latest action May 5, 2008

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Democratic 1 Republican 1
D
Davis, Danny K.
Illinois · May 5, 2008
Murphy, Tim
· May 5, 2008
ROS-LEHTINEN, ILEANA
· May 5, 2008
 R
Turner, Michael R.
Ohio · May 5, 2008
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5962: Keep Our Homes Act of 2008. 110th Congress. Open America. https://openamerica.io/bill/110-HR-5962/
MLA
"H.R. 5962: Keep Our Homes Act of 2008." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-HR-5962/.
Bluebook (legal)
H.R. 5962, 110th Cong. (2026), https://openamerica.io/bill/110-HR-5962/.
Markdown link
[H.R. 5962: Keep Our Homes Act of 2008](https://openamerica.io/bill/110-HR-5962/)
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