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- H.R.1773
H.R.1773: To amend the Internal Revenue Code of 1986 to allow a credit against income tax for the purchase of a principal residence by a first-time homebuyer.
About This Bill
- This bill was introduced in the 107th Congress
- This bill is primarily about taxation
- Introduced May 9, 2001
- Latest Major Action May 9, 2001
- See the four similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
37 (23 Democrats, 15 Republicans)
Bill Summary
Amends the Internal Revenue Code to allow a first-time homebuyer who purchases a principal residence a tax credit of ten percent of the purchase price of such residence. Limits the credit to $6,500. Requires married individuals filing jointly to both be first-time homebuyers. Makes this credit applicable to a principal residence only if the taxpayer enters into, on or after June 1, 2001, and before June 1, 2002, a binding contract to purchase...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Ways and Means.
|
|
| May 9, 2001 |
Introduced in the House by Phil English (R-Pa.) |