HR 3196 · 94th Congress · Credit

A bill to amend the Internal Revenue Code of 1954 to provide a credit against tax related to the purchase of houses.

Introduced 1975-02-19· Sponsored by Rep. Annunzio, Frank [D-IL-11]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1975-02-19)

Plain Language Summary

[AI summary unavailable — showing source text] Provides a credit against the income tax imposed under the Internal Revenue Code of (1) 5 percent (up to $1250) of the purchase price of a principal residence purchased during calendar year 1975; and (2) 2.5 percent (up to $625) of the purchase price of a principal residence purchased during 1976.…

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