H.R.3640 - To amend the Internal Revenue Code of 1986 to extend and expand the first-time homebuyers credit and to provide a loss deduction on the sale of a principal residence.111th Congress (2009-2010)
|Sponsor:||Rep. Childers, Travis [D-MS-1] (Introduced 09/24/2009)|
|Committees:||House - Ways and Means|
|Latest Action:||House - 09/24/2009 Referred to the House Committee on Ways and Means. (All Actions)|
This bill has the status Introduced
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Summary: H.R.3640 — 111th Congress (2009-2010)All Information (Except Text)
Introduced in House (09/24/2009)
Amends the Internal Revenue Code relating to the first-time homebuyer tax credit to: (1) extend such credit to all purchasers of a principal residence; (2) limit the credit to one sale or exchange of a principal residence; and (3) extend such credit through November 30, 2010.
Allows individual taxpayers a tax deduction through 2010 for losses from the sale or exchange of a principal residence.