HR 3779 · 111th Congress · Taxation

Homebuyer Tax Credit Fairness Act of 2009

Introduced 2009-10-08· Sponsored by Rep. Lance, Leonard [R-NJ-7]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Appropriations(2009-10-08)

Plain Language Summary

[AI summary unavailable — showing source text] Homebuyer Tax Credit Fairness Act of 2009 - Amends Internal Revenue Code provisions relating to the first-time homebuyer tax credit to: (1) extend such credit to all purchasers of a principal residence (currently, limited to first-time purchasers); (2) increase the maximum amount of such credit to $15,000; (3) repeal the income-based phaseout of such credit; (4) waive recapture provisions of such credit for members of the uniformed services and the Foreign Service of the United States and for employees of the intelligence community on official extended duty service; and (5) extend such credit through November 30, 2010. Rescinds all unobligated balances of the discretionary appropriations made available by division A of the American Recovery and Reinvestment Act of 2009.…

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

Cosponsors (1)

1 Republican