HR 6373
110th Congress
House
Taxation
Finance and Financial Sector
Home ownership
Home repair and improvement
Housing and Community Development
Housing finance
Illegal aliens
Immigration
Income tax
Mortgages
Tax deductions
Tax exclusion
Responsible Investment for Home Ownership Act of 2008
Introduced: June 25, 2008
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 25, 2008
Referred to the House Committee on Ways and Means.
Jun 25, 2008
Introduced in House
Plain-English summary
Responsible Investment for Home Ownership Act of 2008 - Amends the Internal Revenue Code to: (1) establish tax-exempt Home Ownership Mortgage Expense Accounts; (2) allow a tax deduction for contributions to such accounts; (3) allow tax-free distributions from such accounts for the financing or remodeling of a principal residence; and (4) set forth rules for such accounts relating to prohibited transactions, rollover contributions, and account termination. Prohibits illegal aliens making tax deductible contributions to such accounts.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1