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- H.R.1333
H.R.1333: First-time Homebuyer Affordability Act of 1999
About This Bill
- This bill was introduced in the 106th Congress
- This bill is primarily about taxation
- Introduced March 25, 1999
- Latest Major Action March 25, 1999
- See the four similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
49 (43 Democrats, 7 Republicans)
Bill Summary
First-time Homebuyer Affordability Act of 1999 - Amends the Internal Revenue Code to make the tax on prohibited transactions inapplicable to a qualified home equity participation arrangement (one in which up to $10,000 in an individual retirement plan is used to acquire an ownership interest in a dwelling unit that is to be used as the principal residence for a first-time homebuyer). Requires such ownership interest to be a fee interest...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
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Sponsor introductory remarks on measure.
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Referred to the House Committee on Ways and Means.
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| March 25, 1999 |
Introduced in the House by John J. LaFalce (D-N.Y.) |