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- H.R.2802
H.R.2802: First-Time Homebuyer Savings Account Act of 2017
About This Bill
- Introduced June 7, 2017
- Latest Major Action June 7, 2017
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Version
- Introduced in House - June 7, 2017
Bill Summary
First-Time Homebuyer Savings Account Act of 2017 This bill amends the Internal Revenue Code to provide for tax-preferred savings accounts for first-time homebuyers. An individual may make up to $14,000 per year in after-tax contributions to the account, subject to a $50,000 lifetime contribution limit, a $150,000 limit on the fair market value of the account, and adjustments for inflation after 2018. Distributions from the account that are...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| June 7, 2017 |
Referred to the House Committee on Ways and Means.
|
| June 7, 2017 |
Introduced in the House by Mike Coffman (R-Colo.) |