H.R.2655 - To amend the Internal Revenue Code of 1986 to expand and extend the first-time homebuyer credit.

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  • Official: To amend the Internal Revenue Code of 1986 to expand and extend the first-time homebuyer credit. as introduced.

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06/02/09
 
 
 
 
 
 
 

Official Summary

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

Official Summary

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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