HR 5670

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To amend the Internal Revenue Code of 1986 to provide a Federal income tax credit for certain home purchases.

Sponsor: Vito Fossella (R) NY

Status: Active

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Summary:

4/1/2008--Introduced.Amends the Internal Revenue Code to allow individual taxpayers a one-time tax credit for up to $10,000 of the cost of a principal residence purchased in the United States within the 12-month period following enactment of this Act. Terminates such credit after 2009.

Text of Legislation:
Text of Legislation not available.

Subject Name:

Taxation

Home ownership

Housing

Income tax

Tax credits

All Actions:

Actions Date

Action Text

4/1/2008

Referred to the House Committee on Ways and Means.