HR 5078
117th Congress
House
Taxation
First Time Homeowner Savings Plan Act
Introduced: August 23, 2021
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 23, 2021
Referred to the House Committee on Ways and Means.
Aug 23, 2021
Introduced in House
Plain-English summary
First Time Homeowner Savings Plan Act
This bill increases from $10,000 to $25,000 the aggregate amount a taxpayer may withdraw, without penalty, from a tax-exempt retirement plan as a first-time homebuyer distribution.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1