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United States · Bill · HR

H.R. 5769 (97th)

Individual Housing Account Act

referredUnited States· United States Congress· EN

Introduced

9 March 1982

Last action

9 March 1982 · Introduced

Status

Referred to House Committee on Ways and Means.

Sponsors

Rep. Lagomarsino, Robert J. [R-CA-19], Sen. Craig, Larry E. [R-ID], Rep. Porter, John Edward [R-IL-10], Rep. Fish, Hamilton, Jr. [R-NY-19], Rep. Solomon, Gerald B. H. [R-NY-22], Rep. Forsythe, Edwin B. [R-NJ-6], Rep. Kildee, Dale E. [D-MI-5], Rep. Kogovsek, Ray [D-CO-3], Rep. LeBoutillier, John [R-NY-6], Del. Won Pat, Antonio B. [D-GU-At Large], Sen. Lott, Trent [R-MS], Rep. Annunzio, Frank [D-IL-11], Rep. Duncan, John J. [R-TN-2], Del. de Lugo, Ron [D-VI-At Large], Rep. Lloyd, Marilyn [D-TN-3], Rep. Lowery, Bill [R-CA-41], Rep. Burgener, Clair W. [R-CA-43], Rep. Gingrich, Newt [R-GA-6], Rep. Evans, Thomas B., Jr. [R-DE-At Large], Rep. Hall, Ralph M. [R-TX-4], Rep. Whittaker, Bob [R-KS-5], Rep. Edwards, Mickey [R-OK-5], Rep. Coyne, James K. [R-PA-8], Sen. Wyden, Ron [D-OR], Rep. Wolf, Frank R. [R-VA-10], Rep. Horton, Frank J. [R-NY-29], Rep. Ottinger, Richard L. [D-NY-20], Rep. Roemer, Buddy [D-LA-4], Rep. Winn, Larry, Jr. [R-KS-3], Rep. Daniel, W. C. (Dan) [D-VA-5], Rep. Emerson, Bill [R-MO-8], Rep. Roth, Toby [R-WI-8], Rep. Frank, Barney [D-MA-4], Rep. Dreier, David [R-CA-26], Rep. Evans, Billy Lee [D-GA-8], Rep. Hartnett, Thomas F. [R-SC-1], Rep. Courter, Jim [R-NJ-12], Sen. Brown, Hank [R-CO], Rep. Skeen, Joe [R-NM-2], Rep. Parris, Stanford E. (Stan) [R-VA-8], Rep. Siljander, Mark D. [R-MI-4], Sen. Gregg, Judd [R-NH], Rep. Johnston, Eugene (Gene) [R-NC-6], Rep. Fiedler, Bobbi [R-CA-21], Rep. Smith, Albert L., Jr. [R-AL-6], Rep. Albosta, Donald J. [D-MI-10]

Subjects

Housing, Taxation

Source updated

29 August 2025

Housing · Taxation

Official sourceView documentsShare

Summary

Individual Housing Account Act - Amends the Internal Revenue Code to allow an income tax deduction from gross income for cash contributions to a tax-exempt savings account established for the benefit of the taxpayer (or the taxpayer and spouse if married) for the exclusive purpose of purchasing such taxpayer's first principal residence. Limits the maximum annual deduction to $5,000, with a maximum lifetime deduction of $20,000. Excludes distributions from such account from gross income as long as they are used exclusively for the purpose of purchasing the first principal residence of the taxpayer.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 9 March 1982

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

  2. 9 March 1982

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 9 March 1982

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

Leesvertaling

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Sponsors

Related records

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Sources

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