HR 1900 · 97th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to provide that the 2,OOO dollars credit for the purchase of a new principal residence will not be recaptured where the taxpayer replaces it with another principal residence.

Introduced 1981-02-18· Sponsored by Rep. Donnelly, Brian J. [D-MA-11]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1981-02-18)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to provide that the $2,000 credit for the purchase of a new residence will not be recaptured where the taxpayer replaces such residence with another principal residence.…

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