Summary: H.R.3640 — 111th Congress (2009-2010)All Information (Except Text)

There is one summary for H.R.3640. Bill summaries are authored by CRS.

Shown Here:
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.