H.R.2863: First-Time Homebuyer Act of 2021

About This Bill

  • Introduced April 28, 2021
  • Latest Major Action April 28, 2021

Bill Version

Bill Summary

First-Time Homebuyer Act of 2021 This bill modifies the first-time homebuyer tax credit. Specifically, it increases the allowable dollar amount of the credit from $8,000 to $15,000, revises the income formula for determining the maximum allowable credit amount, replaces the limitation on the credit based on purchase price (currently, $800,000) with a limitation based on area median purchase price, and revises rules relating to recapture of the...

(Source: Library of Congress)

Bill Actions

Date Description
April 28, 2021
Referred to the House Committee on Ways and Means.
April 28, 2021

Introduced in the House by Earl Blumenauer (D-Ore.)

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