PoliticalRepoPoliticalRepo

United States · Bill · HR

H.R. 1932 (97th)

Emergency Home Purchase and Inventory Reduction Act of 1981

referredUnited States· United States Congress· EN

Introduced

18 February 1981

Last action

—

Status

Referred to House Committee on Ways and Means.

Sponsors

—

Subjects

Discovery layer

Source updated

29 August 2025

Official sourceView documentsShare

Summary

Emergency Home Purchase and Inventory Reduction Act of 1981 - Amends the Internal Revenue Code to allow individual taxpayers a refundable income tax credit for five percent of the purchase of a new principal residence. Limits the dollar amount of such credit to $5,000. Specifies that such credit is available with respect to only one residence of the taxpayer. Requires the recapture of credit amounts for the purchase of a new principal residence if such residence is sold within 36 months after the date of acquisition.

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

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

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

Documents

1 official file

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.