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- H.R.1149
H.R.1149: First-time Homebuyer Affordability Act of 1993
About This Bill
- This bill was introduced in the 103rd Congress
- This bill is primarily about housing and community development
- Introduced Feb. 25, 1993
- Latest Major Action March 4, 1993
- See the four similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
27 (12 Democrats, 15 Republicans)
Bill Summary
First-time Homebuyer Affordability Act of 1993 - Amends the Internal Revenue Code to make the tax on prohibited transactions inapplicable to a home equity participation arrangement. Describes such arrangement as one in which the eligible participant in an individual retirement plan directs the plan trustee to acquire an ownership interest in all or part of any dwelling unit which within a reasonable period of time is to be used as the...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
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Referred to the House Committee on Ways and Means.
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Sponsor introductory remarks on measure.
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| Feb. 25, 1993 |
Introduced in the House by William Orton (D-Utah) |