H.R.3779 - Homebuyer Tax Credit Fairness Act of 2009111th Congress (2009-2010)
|Sponsor:||Rep. Lance, Leonard [R-NJ-7] (Introduced 10/08/2009)|
|Committees:||House - Appropriations; Ways and Means|
|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.3779 — 111th Congress (2009-2010)All Bill Information (Except Text)
Introduced in House (10/08/2009)
Homebuyer Tax Credit Fairness Act of 2009 - Amends Internal Revenue Code provisions relating to the first-time homebuyer tax credit to: (1) extend such credit to all purchasers of a principal residence (currently, limited to first-time purchasers); (2) increase the maximum amount of such credit to $15,000; (3) repeal the income-based phaseout of such credit; (4) waive recapture provisions of such credit for members of the uniformed services and the Foreign Service of the United States and for employees of the intelligence community on official extended duty service; and (5) extend such credit through November 30, 2010.
Rescinds all unobligated balances of the discretionary appropriations made available by division A of the American Recovery and Reinvestment Act of 2009.