Official Summary

5/21/2009--Introduced.Home Buying Credit Expansion Act - Amends the Internal Revenue Code to: (1) extend the first-time homebuyer tax credit to all individuals who purchase a principal residence (currently, only first-time homebuyers as so defined); (2) extend such credit and the waiver of

Close

Official Summary

5/21/2009--Introduced.Home Buying Credit Expansion Act - Amends the Internal Revenue Code to:
(1) extend the first-time homebuyer tax credit to all individuals who purchase a principal residence (currently, only first-time homebuyers as so defined);
(2) extend such credit and the waiver of recapture requirements for such credit through 2010; and
(3) expand the election to treat a purchase of a principal residence as made in a prior taxable year for purposes of such credit.

...Read the Rest