Individual Housing Act

Summary

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.

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

Timeline

1. 25 April 1978

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 25 April 1978

   Introduced

   Introduced in House

   Source: IntroReferral

3. 25 April 1978

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 25 April 1978

  Open at official source

Sponsors

• Rep. Whitehurst, G. William [R-VA-2] · R · Sponsor
• Sen. Trible, Paul S., Jr. [R-VA] · R · Cosponsor
• · hswm00 · Standing

Related records

• related to → Individual Housing Act