A bill to amend the Internal Revenue Code of 1986 to expand the homebuyer tax credit, and for other purposes.

Summary

Amends the Internal Revenue Code to: (1) extend the first-time homebuyer tax credit to all purchasers of a principal residence; (2) increase the maximum amount of such credit from $8,000 to $15,000; and (3) repeal the reduction in such credit for taxpayers whose modified adjusted gross income exceeds $75,000 ($150,000 in the case of married couples filing jointly).

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

Timeline

1. 30 March 2009

   Introduced

   Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S4065)

   Source: IntroReferral

2. 30 March 2009

   Introduced

   Sponsor introductory remarks on measure. (CR S3994)

   Source: IntroReferral

3. 30 March 2009

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 30 March 2009 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 30 March 2009

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 30 March 2009

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 30 March 2009

  Open at official source

Sponsors

• Sen. Specter, Arlen [R-PA] · R · Sponsor
• · ssfi00 · Standing

Related records

• related to → Fix Housing First Homebuyer Tax Credit Act