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S 1728 111th Congress Senate Taxation Diplomacy, foreign officials, Americans abroad Government employee pay, benefits, personnel management Housing finance and home ownership Income tax credits Income tax exclusion Income tax rates Intelligence activities, surveillance, classified information Military personnel and dependents Tax administration and collection, taxpayers

Service Members Home Ownership Tax Act of 2009

Introduced: September 30, 2009 See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 30, 2009
Read twice and referred to the Committee on Finance.
Sep 30, 2009
Introduced in Senate
 Plain-English summary Congressional Research Service

Service Members Home Ownership Tax Act of 2009 - Amends the Internal Revenue Code to: (1) exempt members of the uniformed services, the Foreign Service, and employees of the intelligence community on official extended duty service from the recapture requirements of the first-time homebuyer tax credit; (2) extend the first-time homebuyer tax credit through November 30, 2010, for individuals serving on official extended duty service outside the United States for at least 90 days in 2009; (3) exclude from gross income payments to military personnel to compensate for declines in housing values due to a base closure or realignment; and (4) increase penalties for failure to file a partnership or S corporation tax return.

Amends the Corporate Estimated Tax Shift Act of 2009 to increase corporate estimated tax payments in the third quarter of 2014 by an additional 0.5%.

What's happening now September 30, 2009

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 2 Republican 1