First-Time Homebuyer Tax Credit Act of 2024

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [H.R. 7707 Introduced in House (IH)] <DOC> 118th CONGRESS 2d Session H. R. 7707 To amend the Internal Revenue Code of 1986 to provide for a first-time homebuyer credit, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES March 15, 2024 Mr. Panetta (for himself and Mr. Blumenauer) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to provide for a first-time homebuyer credit, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``First-Time Homebuyer Tax Credit Act of 2024''. SEC. 2. FIRST-TIME HOMEBUYER REFUNDABLE TAX CREDIT. (a) In General.--Section 36 of the Internal Revenue Code of 1986 is amended to read as follows: ``SEC. 36. FIRST-TIME HOMEBUYER CREDIT. ``(a) Allowance of Credit.--In the case of an individual who is a first-time…