HR 1730 · 106th Congress · Taxation

First-Time Homebuyers Assistance Act

Introduced 1999-05-06· Sponsored by Rep. Goodling, William F. [R-PA-19]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1999-05-06)

Plain Language Summary

[AI summary unavailable — showing source text] First-Time Homebuyers Assistance Act - Amends the Internal Revenue Act to permit the installment method to be used to report income from the sale of certain residential real property to a purchaser having no ownership interest in such a property during the prior three-year period. (Exempts such sale from specified dealer disposition provisions.) Applies certain pledge of installment obligation provisions to such sales.…

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

Cosponsors (10)

4 Democrats6 Republicans
Rep. Stearns, Cliff [R-FL-6]FL
Rep. Pastor, Ed [D-AZ-2]AZ
Rep. Istook, Ernest J., Jr. [R-OK-5]OK
Rep. Gilman, Benjamin A. [R-NY-20]NY
Rep. Foley, Mark [R-FL-16]FL
Rep. English, Phil [R-PA-21]PA
Rep. Lofgren, Zoe [D-CA-16]CA
Rep. McHugh, John M. [R-NY-24]NY
Del. Faleomavaega, Eni F. H. [D-AS-At Large]AS
Rep. Deutsch, Peter [D-FL-20]FL