HR 13400 · 95th Congress · Taxation

Individual Housing Act

Introduced 1978-07-10· Sponsored by Rep. Whitehurst, G. William [R-VA-2]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1978-07-10)

Plain Language Summary

[AI summary unavailable — showing source text] Individual Housing Act - Amends the Internal Revenue Code to allow individuals an income tax deduction of up to $2,500 annually and $10,000 in a lifetime for contributions to an individual housing account. Makes such accounts tax exempt and allows distributions from such an account to be tax free if such distributions are used exclusively for the purchase of a principal residence for the distributee.…

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

Cosponsors (1)

1 Republican
Rep. Burgener, Clair W. [R-CA-43]