To amend the Internal Revenue Code of 1986 to provide a Federal income tax credit for certain home purchases.
Other Bill Titles (1 more) 4/1/2008--Introduced.
Amends the Internal Revenue Code to allow individual taxpayers a one-time tax credit for up to $10,000 of the cost of a principal residence purchased in the United States within the 12-month period following enactment of this Act. Terminates such credit after 2009.
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This bill has no amendments.
Bill Status
| Introduced | ![]() | Voted on by House | ![]() | Voted on by Senate | ![]() | Considered By President | ![]() | Bill Becomes Law |
| April 01, 2008 |
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In the News
April 06, 2008 Jackson: Capital Games
Bill Pascrell Jr. cosponsored a bill (HR 5670) last week offering a short-term income tax credit of up to $10000 for some home purchases. ...
Blog Coverage
April 08, 2008 The Subprime Non-Crisis
This bill, HR 5670, expires in one year. There's nothing really wrong with this bill -- if housing prices are falling yet prospective homeowners are feeling skittish about the market, this tax credit might get them to make the jump and ...
Source: The Fighting 29th










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