United States · Bill · HR
H.R. 2671 (101st)
Home Ownership Plan Encouragement Act
Introduced
15 June 1989
Last action
—
Status
Referred to the House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
26 August 2025
Summary
Home Ownership Plan Encouragement Act - Amends the Internal Revenue Code to allow individuals a tax deduction for amounts paid to a home ownership plan for the purchase of a first home. Limits the duration of such deduction to five years. Provides for the imposition of an excise tax on excess contributions to such plan. Requires a penalty payment for failure to provide timely reports on such plan.
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Votes
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Documents
2 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN
Introduced in House
summary · EN · 15 June 1989
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/101st-congress/house-bill/2671
- Open data entity: https://api.congress.gov/v3/bill/101/hr/2671