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United States · Bill · HR

H.R. 1052 (96th)

Individual Housing Account Act

referredUnited States· United States Congress· EN

Introduced

18 January 1979

Last action

18 January 1979 · Introduced

Status

Referred to House Committee on Banking, Finance and Urban Affairs.

Sponsors

Rep. Lagomarsino, Robert J. [R-CA-19]

Subjects

Housing, Taxation

Source updated

2 September 2025

Housing · Taxation

Official sourceView documentsShare

Summary

Individual Housing Account 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 cash contributions to an individual housing account (IHA) established to finance the purchase of a principal residence for the taxpayer. Exempts IHA's from income taxation. Excludes from gross income distributions to a taxpayer from an individual housing account used to purchase a principal residence.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 18 January 1979

    Introduced

    Referred to House Committee on Banking, Finance and Urban Affairs.

    Source: IntroReferral

  2. 18 January 1979

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 18 January 1979

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

Leesvertaling

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Sponsors

Related records

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Sources

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