U.S. Congress - S.1230 Home Buyer Tax Credit Act of 2009
S.1230 - Home Buyer Tax Credit Act of 2009
A bill to amend the Internal Revenue Code of 1986 to provide a Federal income tax credit for certain home purchases. view all titles (2)
All Bill Titles
- Official: A bill to amend the Internal Revenue Code of 1986 to provide a Federal income tax credit for certain home purchases. as introduced.
- Short: Home Buyer Tax Credit Act of 2009 as introduced.
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Official Summary
6/10/2009--Introduced.Home Buyer Tax Credit Act of 2009 - Amends the Internal Revenue Code to replace the current tax credit for first-time homebuyers with a one-time credit for 10% of the purchase price of a principal residence, up to $15,000. Requires repayment of credit amounts if the tOfficial Summary
6/10/2009--Introduced.Home Buyer Tax Credit Act of 2009 - Amends the Internal Revenue Code to replace the current tax credit for first-time homebuyers with a one-time credit for 10% of the purchase price of a principal residence, up to $15,000. Requires repayment of credit amounts if the taxpayer sells or fails to occupy the residence within 24 months after the date of purchase....Read the Rest
Recent News Coverage
Bill Proposes a $15,000 Tax Credit for All Homebuyers
...At what cost? A letter to Sen. Isakson from the Joint Committee on Taxation provides a revenue estimate for Isakson’s bill, S.1230, the “Home Buyer Tax Credit Act of 2009.” Assuming an enactment date of July 1, 2009, we estimate that your proposa
$15000 Home Buyer Tax Credit Proposal
Isakson from the Joint Committee on Taxation provides a revenue estimate for Isakson's bill, S.1230, the âHome Buyer Tax Credit Act of 2009.â
MBA Advocates Expanded Home Buyer Tax Credit
In a letter to Isakson, Kittle wrote that the MBA supports the bulk of S.1230, although the group has two further suggestions. âMBA believes S.1230 could ...
Recent Blog Coverage
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MBA Applauds Passage of Homebuyer Tax Credit | RealEstateRama
WASHINGTON, D.C. - June 15, 2009 - (RealEstateRama) - David G. Kittle, CMB, Chairman of the Mortgage Bankers Association issued the following statement today in support of S. 1230, The Homebuyer Tax Credit Act of 2009. ...
Proposed Expansions of Homebuyer Tax Credit Would Be Highly ...
An even more expansive bill introduced earlier by Senator Isakson (S. 1230) would replace the existing tax credit with a credit worth up to $15000 to any homebuyer, with no income limit whatsoever. According to Gayer's calculations, ...
Proposed Expansions of Homebuyer Tax Credit Would Be Highly ...
In June, Senator Isakson and nine co-sponsors introduced a bill (S. 1230) that would replace the existing tax credit with a one-year credit worth up to $15000 to any homebuyer — not just to first-time homebuyers — at any income level. ...
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