Restore the American Dream Act of 2000

Summary

Restore the American Dream Act of 2000 - Amends the Internal Revenue Code to permit, in the case of an individual who has never had an ownership interest in a principal residence, a limited deduction for amounts paid into a home ownership plan. Defines such a plan as a trust created exclusively for the purpose of paying qualified principal residence acquisition expenses. Excludes qualified distributions from such a plan from gross income. Exempts such a plan from taxation.

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Timeline

1. 8 June 2000

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 8 June 2000

   Introduced

   Introduced in House

   Source: IntroReferral

3. 8 June 2000

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 8 June 2000 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 8 June 2000

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 8 June 2000

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 8 June 2000

  Open at official source

Sponsors

• Rep. Wexler, Robert [D-FL-19] · D · Sponsor
• · hswm00 · Standing

Related records

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