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United States · Bill · S

S. 312 (111th)

First-Time Homebuyers' Tax Credit Act of 2009

referredUnited States· United States Congress· EN

Introduced

22 January 2009

Last action

Status

Read twice and referred to the Committee on Finance.

Sponsors

Subjects

Discovery layer

Source updated

14 August 2025

Summary

First-Time Homebuyers' Tax Credit Act of 2009 - Amends the Internal Revenue Code to allow an individual taxpayer who qualifies as a first-time homebuyer (i.e., an individual who had no ownership interest in a principal residence within the past two years) a one-time refundable credit for up to $20,000 of the purchase price of a principal residence. Reduces such credit for taxpayers with adjusted gross incomes exceeding $75,000 ($150,000 for married couples filing jointly).

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Documents

3 official files

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Sources

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