HR 1696 · 102th Congress · Taxation

First-Time Home Buyer's Act of 1991

Introduced 1991-04-10· 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.(1991-04-10)

Plain Language Summary

[AI summary unavailable — showing source text] First-Time Home Buyer's Act of 1991 - 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. Murphy, Austin J. [D-PA-22]PA
Rep. Kostmayer, Peter H. [D-PA-8]PA
Rep. Johnson, Tim [D-SD-At Large]SD
Rep. Campbell, Tom [R-CA-12]CA
Rep. Perkins, Carl C. [D-KY-7]KY
Rep. Machtley, Ronald K. [R-RI-1]RI
Rep. Eckart, Dennis E. [D-OH-11]OH
Rep. Atkins, Chester G. [D-MA-5]MA
Rep. Barnard, Doug, Jr. [D-GA-10]GA
Rep. Boxer, Barbara [D-CA-6]CA
Rep. Clay, William (Bill) [D-MO-1]MO
Rep. Dannemeyer, William E. [R-CA-39]CA
Rep. Erdreich, Ben [D-AL-6]AL
Del. Faleomavaega, Eni F. H. [D-AS-At Large]AS
Rep. Hall, Ralph M. [D-TX-4]TX
Rep. Hayes, Charles A. [D-IL-1]IL
Rep. Hubbard, Carroll, Jr. [D-KY-1]KY
Rep. Huckaby, Thomas J. (Jerry) [D-LA-5]LA
Rep. Kanjorski, Paul E. [D-PA-11]PA
Rep. Lancaster, H. Martin [D-NC-3]NC