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HR 5769 97th Congress House Taxation Home ownership Housing and Housing Finance Housing finance Income tax Savings accounts Tax deductions Tax incentives Trusts and trustees

Individual Housing Account Act

Introduced: March 9, 1982 See on congress.gov
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This bill died when the 97th Congress ended
It never became law before the 97th Congress (1981–1982) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 9, 1982
Referred to House Committee on Ways and Means.
Mar 9, 1982
Introduced in House
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 Plain-English summary Congressional Research Service

Individual Housing Account Act - Amends the Internal Revenue Code to allow an income tax deduction from gross income for cash contributions to a tax-exempt savings account established for the benefit of the taxpayer (or the taxpayer and spouse if married) for the exclusive purpose of purchasing such taxpayer's first principal residence. Limits the maximum annual deduction to $5,000, with a maximum lifetime deduction of $20,000. Excludes distributions from such account from gross income as long as they are used exclusively for the purpose of purchasing the first principal residence of the taxpayer.

What's happening now March 9, 1982

Referred to House Committee on Ways and Means.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Wyden, Ron
Oregon · Mar 9, 1982
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5769: Individual Housing Account Act. 97th Congress. Open America. https://openamerica.io/bill/97-HR-5769/
MLA
"H.R. 5769: Individual Housing Account Act." 97th Congress, 2026, Open America, https://openamerica.io/bill/97-HR-5769/.
Bluebook (legal)
H.R. 5769, 97th Cong. (2026), https://openamerica.io/bill/97-HR-5769/.
Markdown link
[H.R. 5769: Individual Housing Account Act](https://openamerica.io/bill/97-HR-5769/)
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