To amend the Internal Revenue Code of 1986 to increase the affordability of homeownership for first-time homebuyers.
Homebuyers Relief Act of 1991 - Amends the Internal Revenue Code to exclude from gross income certain retirement plan (such as individual retirement accounts and defined contribution plans) distributions used for a first-time home purchase.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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