To amend the Internal Revenue Code of 1986 to allow small builders to compute on the installment sales method income from the sale of certain residential real property, and for other purposes.
First-Time Homebuyers Assistance Act - Amends the Internal Revenue Code to set forth the conditions under which small builders will be allowed to compute on the installment sales method income from the sale of certain residential real property.
Received in the Senate and read twice and referred to the Committee on Finance.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
See H.R.4318.
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