H.R.5670: To amend the Internal Revenue Code of 1986 to provide a Federal income tax credit for certain home purchases.

About This Bill

Bill Summary

Amends the Internal Revenue Code to allow individual taxpayers a one-time tax credit for up to $10,000 of the cost of a principal residence purchased in the United States within the 12-month period following enactment of this Act. Terminates such credit after 2009.

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Ways and Means.
April 1, 2008

Introduced in the House by Vito J. Fossella (R-N.Y.)

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