To amend the Internal Revenue Code of 1986 to allow a credit for the purchase of a principal residence by a first-time homebuyer.

Summary

Amends the Internal Revenue Code to allow a tax credit for a first-time homebuyer who purchases a principal residence of five percent of the purchase price of such residence. Limits such credit to $2,000. Limits the homebuyer's income to $50,000 ($100,000 in the case of a joint return).

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Timeline

1. 7 November 1991

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 7 November 1991

   Introduced

   Introduced in House

   Source: IntroReferral

3. 7 November 1991

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · undated · Official file

Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 7 November 1991

  Open at official source

Sponsors

• Rep. Johnson, Nancy L. [R-CT-6] · R · Sponsor
• · hswm00 · Standing

Related records

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