United States · Bill · HR
H.R. 7645 (116th)
First Time Homebuyer Pandemic Savings Act
Introduced
16 July 2020
Last action
—
Status
Referred to the House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
3 January 2025
Summary
First Time Homebuyer Pandemic Savings Act This bill extends for one year the exemption from the penalty for early distributions from tax-preferred retirement plans for distributions related to COVID-19 (i.e., coronavirus disease 2019). It also excludes from gross income COVID-19-related distributions which are first-time homebuyer distributions up to $25,000 in a taxable year.
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Timeline
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Votes
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Versions
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 16 July 2020
Introduced in House (PDF)
Introduced in House · EN · 16 July 2020
Introduced in House
summary · EN · 16 July 2020
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/116th-congress/house-bill/7645
- Open data entity: https://api.congress.gov/v3/bill/116/hr/7645