H.R.3760 - Home Buyer Tax Credit Act of 2009

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

  • Short: Home Buyer Tax Credit Act of 2009 as introduced.
  • Official: To amend the Internal Revenue Code of 1986 to provide a Federal income tax credit for certain home purchases. as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
10/08/09
 
 
 
 
 
 
 

Official Summary

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 the repayment of such credit if the taxpayer sells or fails

Official Summary

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 the repayment of such credit if the taxpayer sells or fails to occupy the residence within 24 months after the date of purchase. Rescinds certain discretionary appropriations made available by division A of the American Recovery and Reinvestment Act of 2009 to cover the cost of this Act.

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