A bill to amend the Internal Revenue Code of 1986 to provide a Federal income tax credit for certain home purchases.
Home Buyer Tax Credit Act of 2009 - Amends the Internal Revenue Code to replace the current tax credit for first-time homebuyers with a one-time credit for 10% of the purchase price of a principal residence, up to $15,000. Requires repayment of credit amounts if the taxpayer sells or fails to occupy the residence within 24 months after the date of purchase.
Referred to the House Committee on Ways and Means.
Referred to House Appropriations
Referred to the House Committee on Ways and Means.
Sponsor introductory remarks on measure. (CR S6355-6356)
Introduced in Senate
Read twice and referred to the Committee on Finance.
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