Service Members Home Ownership Tax Act of 2009
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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%.
Read twice and referred to the Committee on Finance.
- Introduced in Senate Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). S. 1728: Service Members Home Ownership Tax Act of 2009. 111th Congress. Open America. https://openamerica.io/bill/111-S-1728/
"S. 1728: Service Members Home Ownership Tax Act of 2009." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-S-1728/.
S. 1728, 111th Cong. (2026), https://openamerica.io/bill/111-S-1728/.
[S. 1728: Service Members Home Ownership Tax Act of 2009](https://openamerica.io/bill/111-S-1728/)