H.R.4032 - To amend the Internal Revenue Code of 1986 to extend the first-time homebuyer tax credit and to eliminate the first-time homebuyer requirement and increase the adjusted gross income limitations with respect to such credit, and for other purposes.

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  • Official: To amend the Internal Revenue Code of 1986 to extend the first-time homebuyer tax credit and to eliminate the first-time homebuyer requirement and increase the adjusted gross income limitations with respect to such credit, and for other purposes. as introduced.

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Introduced
 
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President
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11/04/09
 
 
 
 
 
 
 

Official Bill Text Comment on about 5 Pages

Sponsor

Representative

Kevin Brady

R-TX

No Co-Sponsors

Official Summary

11/5/2009--Introduced.Amends Internal Revenue Code provisions relating to the first-time homebuyer tax credit to: (1) extend such credit to all purchasers of a principal residence (currently, limited to first-time homebuyers); (2) extend such credit and its waiver of recapture provisions (
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Official Summary

11/5/2009--Introduced.Amends Internal Revenue Code provisions relating to the first-time homebuyer tax credit to:
(1) extend such credit to all purchasers of a principal residence (currently, limited to first-time homebuyers);
(2) extend such credit and its waiver of recapture provisions (for sales of principal residences before the required holding period) through November 30, 2010;
(3) 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;
(4) allow taxpayers to treat, for tax purposes, a residence purchased after December 31, 2009, and before December 1, 2010, as having been purchased on December 31, 2009;
(5) increase adjusted gross income thresholds for determining eligibility for such credit; and
(6) allow a waiver of recapture for members of the uniformed services, the Foreign Service, or employees of the intelligence community who sell their principal residences after receiving an order for official extended duty service.

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01/27/10
Maryland 5th Majority Leader Steny Hoyer against good jobs

2061, Nelson border security and interior enforcement act; 2005: Cosponsor HR 925, Gallegly matricula bill; 2005: Cosponsor HR 4032, no mortgages for illegal aliens; 2005: Cosponsor HR 884, Cannon AgJOBS amnesty; 2005: Cosponsor HR 418 ...

Source: Old Atlantic Lighthouse
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01/27/10
Small Business California: White House Calls Today/President ...

As you know Small Business California is working hard on getting the passage of HR 4032. We have called every California member of House asking them to Cosign. To date Congresswoman Speier, Congresswoman Richardson, ...

Source: Small Business California
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11/03/09
HR 4032, To amend the Internal Revenue Code of 1986 to extend the ...

HR 4032 would amend the Internal Revenue Code of 1986 to extend the first-time homebuyer tax credit and to eliminate the first-time homebuyer requirement and increase the adjusted gross income limitations with respect to such credit. ...

Source: WashingtonWatch.com - Welcome to WashingtonWatc...
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