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United States · Bill · HR

H.R. 1913 (108th)

Rural Housing Tax Credit Act of 2003

referredUnited States· United States Congress· EN

Introduced

1 May 2003

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

18 August 2025

Summary

Rural Housing Tax Credit Act of 2003 - Amends the Internal Revenue Code to allow a credit (the lesser of ten percent of the purchase price or $5,000) for the purchase of a principal residence by a first-time rural homebuyer. Establishes credit limitations based upon: (1) adjusted gross income; and (2) tax. Provides for credit recapture in the event of: (1) certain sales; or (2) failure to use as a principal residence.

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Documents

3 official files

Introduced in House (text)

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