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- H.R.1730
H.R.1730: First-Time Homebuyers Assistance Act
About This Bill
- This bill was introduced in the 106th Congress
- This bill is primarily about taxation
- Introduced May 6, 1999
- Latest Major Action May 6, 1999
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
10 (4 Democrats, 7 Republicans)
Bill Summary
First-Time Homebuyers Assistance Act - Amends the Internal Revenue Act to permit the installment method to be used to report income from the sale of certain residential real property to a purchaser having no ownership interest in such a property during the prior three-year period. (Exempts such sale from specified dealer disposition provisions.)Applies certain pledge of installment obligation provisions to such sales.
(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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| May 6, 1999 |
Introduced in the House by William F. Goodling (R-Pa.) |