To amend the Internal Revenue Code of 1986 to extend the first-time homebuyer tax credit, and for other purposes.

Summary

Amends Internal Revenue Code provisions relating to the first-time homebuyer tax credit to: (1) extend such tax credit through May 31, 2010; (2) extend through December 31, 2009, the date until which purchases of a principal residence may be treated as made on December 31, 2008, for tax purposes; and (3) extend through May 31, 2010, the waiver of recapture requirements for residences purchased after December 31, 2008. Rescinds certain discretionary appropriations made available by division A of the American Recovery and Reinvestment Act of 2009 to cover the cost of this Act.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 8 October 2009

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• Introduced in House (PDF)

  Introduced in House · EN · 8 October 2009

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• Introduced in House

  summary · EN · 8 October 2009

  Open at official source

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