HR 3760
111th Congress
House
Taxation
Appropriations
Housing finance and home ownership
Income tax credits
Home Buyer Tax Credit Act of 2009
Introduced: October 8, 2009
See on congress.gov
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 8, 2009
Referred to House Appropriations
Oct 8, 2009
Referred to the Committee on Ways and Means, and in addition to the Committee on Appropriations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Oct 8, 2009
Referred to House Ways and Means
Oct 8, 2009
Introduced in House
Plain-English summary
Home Buyer 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 the repayment of such credit if the taxpayer sells or fails to occupy the residence within 24 months after the date of purchase.
Rescinds certain discretionary appropriations made available by division A of the American Recovery and Reinvestment Act of 2009 to cover the cost of this Act.
What's happening now
Referred to House Appropriations
Committees of jurisdiction
2