United States · Bill · HR
H.R. 2863 (117th)
First-Time Homebuyer Act of 2021
Introduced
28 April 2021
Last action
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Status
Referred to the House Committee on Ways and Means.
Sponsors
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Subjects
Discovery layer
Source updated
3 January 2025
Summary
First-Time Homebuyer Act of 2021 This bill modifies the first-time homebuyer tax credit. Specifically, it increases the allowable dollar amount of the credit from $8,000 to $15,000, revises the income formula for determining the maximum allowable credit amount, replaces the limitation on the credit based on purchase price (currently, $800,000) with a limitation based on area median purchase price, and revises rules relating to recapture of the credit and to members of the Armed Forces.
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 28 April 2021
Introduced in House (PDF)
Introduced in House · EN · 28 April 2021
Introduced in House
summary · EN · 28 April 2021
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/117th-congress/house-bill/2863
- Open data entity: https://api.congress.gov/v3/bill/117/hr/2863