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United States · Bill · HR

H.R. 60 (103rd)

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

referredUnited States· United States Congress· EN

Introduced

5 January 1993

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

2 January 2025

Summary

Amends the Internal Revenue Code to allow a first-time homebuyer who purchases a principal residence a tax credit of ten percent of the purchase price of such residence. Requires such residence to be purchased during the one-year period after the date of enactment of this Act. Limits the credit to $2,500.

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Documents

3 official files

Introduced in House (text)

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Sources

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