HR 5974
110th Congress
House
Taxation
Home ownership
Housing and Community Development
Income tax
Tax credits
Tax refunds
To amend the Internal Revenue Code of 1986 to provide a Federal income tax credit for certain home purchases.
Introduced: May 6, 2008
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 6, 2008
Referred to the House Committee on Ways and Means.
May 6, 2008
Sponsor introductory remarks on measure. (CR E830)
May 6, 2008
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to allow individual taxpayers a one-time refundable tax credit for up to 10% of the purchase price of a principal residence purchased in the United States within the 12-month period beginning on the date of enactment of this Act. Limits the dollar amount of such credit to $10,000. Terminates such credit after 2009.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1