H.R.2606 - Home Buying Credit Expansion Act

To amend the Internal Revenue Code of 1986 to expand and extend the first-time homebuyer credit. view all titles (2)

All Bill Titles

  • Short: Home Buying Credit Expansion Act as introduced.
  • Official: To amend the Internal Revenue Code of 1986 to expand and extend the first-time homebuyer credit. as introduced.

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Introduced
 
House
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Senate
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President
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05/21/09
 
 
 
 
 
 
 

Official Summary

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

Official Summary

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.

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