S 1230
111th Congress
Senate
Taxation
Housing finance and home ownership
Income tax credits
Home Buyer Tax Credit Act of 2009
Introduced: June 10, 2009
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 10, 2009
Read twice and referred to the Committee on Finance.
Jun 10, 2009
Introduced in Senate
Jun 9, 2009
Sponsor introductory remarks on measure. (CR S6355-6356)
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 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
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1