H.R.5565 - To amend the Internal Revenue Code of 1986 to provide a Federal income tax credit for certain home purchases.

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  • Official: To amend the Internal Revenue Code of 1986 to provide a Federal income tax credit for certain home purchases. as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
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03/09/08
 
 
 
 
 
 
 

Official Summary

3/10/2008--Introduced.Amends the Internal Revenue Code to allow purchasers of a single-family principal residence a one-time tax credit for up to $15,000 of the purchase price. Requires such a residence to be purchased after February 29, 2008, and before March 1, 2009, and that it be: (1)

Official Summary

3/10/2008--Introduced.
Amends the Internal Revenue Code to allow purchasers of a single-family principal residence a one-time tax credit for up to $15,000 of the purchase price. Requires such a residence to be purchased after February 29, 2008, and before March 1, 2009, and that it be:
(1) a new previously unoccupied residence for which a building permit has been issued and construction began on or before September 1, 2007;
(2) an owner-occupied residence with a mortgage indebtedness in default on or before March 1, 2008; or
(3) in foreclosure and owned by the mortgagor or the mortgagor's agent.

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Recent Blog Coverage

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05/07/08
WashingtonWatch.com - H.R. 5974, To amend the Internal Revenue ...

To amend the Internal Revenue Code of 1986 to provide a Federal income tax credit for certain home purchases (H.R. 5565) · To amend the Internal Revenue Code of 1986 to provide a Federal income tax credit for certain home purchases ...

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04/03/08
OpenCongress - U.S. Congress - H.R.5670 To amend the Internal ...

Related Bills:. S.2566 · H.R.5565 · H.R.5974. Related Issue Areas:. Tax credits · Income tax · Housing · Home ownership; 1 more; Taxation. Data from the Congressional Research Service. Users tracking H.R.5670 (1) are also

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03/17/08
Google Alert - home buyers

Wilson Introduces Tax Credit for Homebuyers. WASHINGTON – Congressman Joe Wilson (SC-02), a former real estate attorney, issued the following statement after introducing HR 5565, a bill to provide a $15000 tax credit to individuals . ...

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