To amend the Internal Revenue Code of 1986 to extend and expand the homebuyer tax credit.
Homebuyer Tax Credit Fairness Act of 2009 - Amends Internal Revenue Code provisions relating to the first-time homebuyer tax credit to: (1) extend such credit to all purchasers of a principal residence (currently, limited to first-time purchasers); (2) increase the maximum amount of such credit to $15,000; (3) repeal the income-based phaseout of such credit; (4) waive recapture provisions of such credit for members of the uniformed services and the Foreign Service of the United States and for employees of the intelligence community on official extended duty service; and (5) extend such credit through November 30, 2010.
Rescinds all unobligated balances of the discretionary appropriations made available by division A of the American Recovery and Reinvestment Act of 2009.
Introduced in House
Introduced in House
Referred to House Ways and Means
Referred to the Committee on Ways and Means, and in addition to the Committee on Appropriations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to House Appropriations
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