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

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. Limits the credit to $2,500. Requires married individuals filing jointly to both be first-time buyers. Allows the use of 50 percent of the credit in the first taxable year in which the residence is purchased and the remaining 50 percent in the succeeding taxable year. Makes this credit applicable to residences acquired during 1993 and before July 1, 1994.

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

Timeline

1. 3 February 1993

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 3 February 1993

   Introduced

   Sponsor introductory remarks on measure. (CR E269)

   Source: IntroReferral

3. 3 February 1993

   Introduced

   Introduced in House

   Source: IntroReferral

4. 3 February 1993

   Introduced

   Introduced in House

   Source: IntroReferral

5. 27 May 1993

   Referred

   Referred to the Subcommittee on Select Revenue Measures.

   Source: Committee

6. 24 June 1993

   Committee

   Subcommittee Hearings Held.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 3 February 1993 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 3 February 1993

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 3 February 1993

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 3 February 1993

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Johnson, Nancy L. [R-CT-5] · R · Sponsor
• Rep. Roukema, Marge [R-NJ-5] · R · Sponsor
• Rep. Ravenel, Arthur, Jr. [R-SC-1] · R · Sponsor
• Rep. Burton, Dan [R-IN-5] · R · Sponsor
• Rep. Lewis, Thomas F. [R-FL-12] · R · Sponsor
• Rep. King, Peter T. [R-NY-2] · R · Sponsor
• Rep. Gallegly, Elton [R-CA-24] · R · Sponsor
• Rep. Doolittle, John T. [R-CA-4] · R · Sponsor
• Rep. Rohrabacher, Dana [R-CA-48] · R · Sponsor
• Rep. Gilman, Benjamin A. [R-NY-20] · R · Sponsor
• Rep. Johnson, Sam [R-TX-3] · R · Sponsor
• Rep. Franks, Gary A. [R-CT-5] · R · Sponsor
• Rep. Greenwood, James C. [R-PA-8] · R · Sponsor
• Rep. Shays, Christopher [R-CT-4] · R · Sponsor
• Rep. Parker, Mike [R-MS-4] · D · Cosponsor
• Rep. Solomon, Gerald B. H. [R-NY-22] · R · Cosponsor
• Rep. Leach, James A. [R-IA-2] · R · Cosponsor
• Rep. Torkildsen, Peter G. [R-MA-6] · R · Cosponsor
• Rep. Gunderson, Steve [R-WI-3] · R · Cosponsor
• Rep. Smith, Robert [R-OR-2] · R · Cosponsor
• Rep. Young, C. W. Bill [R-FL-13] · R · Cosponsor
• Rep. Camp, Dave [R-MI-4] · R · Cosponsor
• Rep. Machtley, Ronald K. [R-RI-1] · R · Cosponsor
• Rep. Kolbe, Jim [R-AZ-8] · R · Cosponsor
• Rep. Hayes, James A. [D-LA-7] · D · Cosponsor
• Rep. Packard, Ron [R-CA-48] · R · Cosponsor
• Rep. Meek, Carrie P. [D-FL-17] · D · Cosponsor
• Rep. Levy, David A. [R-NY-4] · R · Cosponsor
• Rep. Gutierrez, Luis V. [D-IL-4] · D · Cosponsor
• Rep. Morella, Constance A. [R-MD-8] · R · Cosponsor
• Rep. Armey, Richard K. [R-TX-26] · R · Cosponsor
• Rep. Taylor, Charles H. [R-NC-11] · R · Cosponsor
• Rep. Fish, Hamilton, Jr. [R-NY-19] · R · Cosponsor
• Rep. Istook, Ernest J., Jr. [R-OK-5] · R · Cosponsor
• Rep. Gekas, George W. [R-PA-17] · R · Cosponsor
• · hswm00 · Standing

Related records

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