United States · Bill · HR
H.R. 798 (101st)
Home Ownership Opportunity Act of 1989
Introduced
2 February 1989
Last action
—
Status
Referred to the House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
26 August 2025
Summary
Home Ownership Opportunity Act of 1989 - Amends the Internal Revenue Code to exclude from the gross income of a first-time homebuyer up to $10,000 of individual retirement plan distributions used within 90 days to acquire a principal residence. Requires that amounts equal to the distributions in question be paid into the affected account at least 12 months prior to the purchase of the home.
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Documents
2 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN
Introduced in House
summary · EN · 2 February 1989
Sponsors
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Related records
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/101st-congress/house-bill/798
- Open data entity: https://api.congress.gov/v3/bill/101/hr/798