H.R.3761 - To amend the Internal Revenue Code of 1986 to extend the first-time homebuyer tax credit, and for other purposes.111th Congress (2009-2010)
|Sponsor:||Rep. Biggert, Judy [R-IL-13] (Introduced 10/08/2009)|
|Committees:||House - Ways and Means; Appropriations|
|Latest Action:||10/08/2009 Referred to the Committee on Ways and Means, and in addition to the Committee on Appropriations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.|
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Summary: H.R.3761 — 111th Congress (2009-2010)All Bill Information (Except Text)
Introduced in House (10/08/2009)
Amends Internal Revenue Code provisions relating to the first-time homebuyer tax credit to: (1) extend such tax credit through May 31, 2010; (2) extend through December 31, 2009, the date until which purchases of a principal residence may be treated as made on December 31, 2008, for tax purposes; and (3) extend through May 31, 2010, the waiver of recapture requirements for residences purchased after December 31, 2008.
Rescinds certain discretionary appropriations made available by division A of the American Recovery and Reinvestment Act of 2009 to cover the cost of this Act.