Official Summary

10/15/2009--Introduced.Amends Internal Revenue Code provisions relating to the first-time homebuyer tax credit to: (1) extend such credit and its waiver of recapture provisions through September 30, 2010; (2) extend through December 31, 2009, the election to treat, for tax purposes, a resi

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Official Summary

10/15/2009--Introduced.Amends Internal Revenue Code provisions relating to the first-time homebuyer tax credit to:
(1) extend such credit and its waiver of recapture provisions through September 30, 2010;
(2) extend through December 31, 2009, the election to treat, for tax purposes, a residence purchased in 2009 as having been purchased on December 31, 2008;
(3) allow taxpayers to treat, for tax purposes, a residence purchased after December 31, 2009, and before October 1, 2010, as having been purchased on December 31, 2009; and
(4) extend through December 31, 2009, the coordination of the first-time homebuyer tax credit for District of Columbia residents.

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