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S 1930 111th Congress Senate Taxation Fraud offenses and financial crimes Housing finance and home ownership Income tax credits Marriage and family status Tax administration and collection, taxpayers

Homebuyer Tax Credit Oversight and Accountability Act of 2009

Introduced: October 26, 2009 See on congress.gov
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 26, 2009
Read twice and referred to the Committee on Finance.
Oct 26, 2009
Introduced in Senate
 Plain-English summary Congressional Research Service

Homebuyer Tax Credit Oversight and Accountability Act of 2009 - Amends the Internal Revenue Code, with respect to the first-time homebuyer tax credit, to: (1) deny such credit to taxpayers under the age of 18; (2) require taxpayers claiming such credit to attach to their returns a properly executed copy of the settlement statement used to purchase their residence and a certified statement of their eligibility for such credit from the real estate broker, settlement agent, or mortgage lender; and (3) prohibit a credit for residences acquired from a spouse. Requires the Commissioner of Internal Revenue to investigate, prosecute, and provide quarterly reports on instances of fraud related to the first-time homebuyer tax credit.

Requires tax return preparers to file tax returns electronically unless they reasonably expect to file 100 or fewer individual income returns in a calendar year.

What's happening now October 26, 2009

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1