HR 239 · 101th Congress · Taxation

First-Time Home Buyer's Act of 1989

Introduced 1989-01-03· Sponsored by Rep. Kleczka, Gerald D. [D-WI-4]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1989-01-03)

Plain Language Summary

[AI summary unavailable — showing source text] First-Time Home Buyer's Act of 1989 - Amends the Internal Revenue Code to spread over a ten-year period the taxation of up to $5,000 of individual retirement plan distributions used by a first-time homebuyer within 90 days to purchase, construct, or reconstruct a dwelling that will be used as the taxpayer's principal residence for at least three years.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (20)

17 Democrats3 Republicans
Rep. Erdreich, Ben [D-AL-6]AL
Rep. Bereuter, Doug [R-NE-1]NE
Rep. Lehman, Richard H. [D-CA-18]CA
Rep. Roe, Robert A. [D-NJ-8]NJ
Rep. Clay, William (Bill) [D-MO-1]MO
Rep. Atkins, Chester G. [D-MA-5]MA
Rep. Smith, Lawrence [D-FL-16]FL
Rep. Studds, Gerry E. [D-MA-10]MA
Rep. Dannemeyer, William E. [R-CA-39]CA
Rep. Conyers, John, Jr. [D-MI-1]MI
Rep. Lewis, John [D-GA-5]GA
Rep. Foglietta, Thomas M. [D-PA-1]PA
Rep. Collins, Cardiss [D-IL-7]IL
Rep. Dwyer, Bernard J. [D-NJ-6]NJ
Rep. Owens, Wayne [D-UT-2]UT
Rep. Evans, Lane [D-IL-17]IL
Rep. Frank, Barney [D-MA-4]MA
Rep. Hiler, John Patrick [R-IN-3]IN
Rep. Sabo, Martin Olav [D-MN-5]MN
Rep. Vento, Bruce F. [D-MN-4]MN