First-Time Homebuyer Tax Credit Act of 2025

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 2402 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 2402 To amend the Internal Revenue Code of 1986 to provide for a first-time homebuyer credit, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES July 23, 2025 Mr. Whitehouse (for himself, Mr. Heinrich, Mr. Welch, Ms. Smith, Mr. Reed, Ms. Baldwin, Ms. Rosen, Mr. Blumenthal, Mr. Van Hollen, Ms. Blunt Rochester, Mr. Kim, Mr. Gallego, and Ms. Alsobrooks) introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ 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 2025''. SEC. 2. FIRST-TIME HOMEBUYER REFUNDABLE TAX CREDIT. (a) In General.--Section 36 of the Internal Revenue Code…