HR 1245 · 111th Congress · Taxation
Homebuyer Tax Credit Act of 2009
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2009-03-02)
Plain Language Summary
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Homebuyer 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 repayment of credit amounts if the taxpayer sells or fails to occupy the residence within 24 months after the date of purchase.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (20)
1 Democrat19 Republicans