Summary: H.R.3739 — 102nd Congress (1991-1992)All Information (Except Text)

There is one summary for H.R.3739. Bill summaries are authored by CRS.

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Introduced in House (11/07/1991)

Amends the Internal Revenue Code to allow a tax credit for a first-time homebuyer who purchases a principal residence of five percent of the purchase price of such residence. Limits such credit to $2,000. Limits the homebuyer's income to $50,000 ($100,000 in the case of a joint return).