H.R.3901 - Homebuyer Tax Credit Improvement Act of 2009111th Congress (2009-2010)
|Sponsor:||Rep. Lewis, John [D-GA-5] (Introduced 10/22/2009)|
|Committees:||House - Ways and Means|
|Latest Action:||10/22/2009 Referred to the House Committee on Ways and Means.|
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Summary: H.R.3901 — 111th Congress (2009-2010)All Bill Information (Except Text)
Introduced in House (10/22/2009)
Homebuyer Tax Credit Improvement Act of 2009 - Amends the Internal Revenue Code, with respect to the first-time homebuyer tax credit, to: (1) deny such credit to taxpayers under the age of 18; (2) require a taxpayer claiming such credit to attach to their returns a properly executed copy of the settlement statement used to purchase their residence; and (3) prohibit a credit for residences acquired from a spouse.
Requires tax return preparers to file tax returns electronically unless they reasonably expect to file 100 or fewer individual income returns in a calendar year.