HR 1245 111th Congress House Taxation Housing finance and home ownership Income tax credits

Homebuyer Tax Credit Act of 2009

Introduced: March 2, 2009 Introduced by: Calvert, Ken Republican · California See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Mar 2, 2009

Referred to the House Committee on Ways and Means.

Mar 2, 2009

Introduced in House

Plain-English summary Congressional Research Service

Homebuyer Tax Credit Act of 2009 - Amends the Internal Revenue Code to replace the current tax credit for first-time homebuyers with a one-time credit for 10% of the purchase price of a principal residence, up to $15,000. Requires repayment of credit amounts if the taxpayer sells or fails to occupy the residence within 24 months after the date of purchase.

What's happening now March 2, 2009

Referred to the House Committee on Ways and Means.

Committees of jurisdiction 1