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United States · Bill · HR

H.R. 1730 (106th)

First-Time Homebuyers Assistance Act

referredUnited States· United States Congress· EN

Introduced

6 May 1999

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

20 August 2025

Summary

First-Time Homebuyers Assistance Act - Amends the Internal Revenue Act to permit the installment method to be used to report income from the sale of certain residential real property to a purchaser having no ownership interest in such a property during the prior three-year period. (Exempts such sale from specified dealer disposition provisions.) Applies certain pledge of installment obligation provisions to such sales.

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Documents

3 official files

Introduced in House (text)

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Sources

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