Summary: H.R.3196 — 94th Congress (1975-1976)All Information (Except Text)

There is one summary for H.R.3196. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (02/19/1975)

Provides a credit against the income tax imposed under the Internal Revenue Code of (1) 5 percent (up to $1250) of the purchase price of a principal residence purchased during calendar year 1975; and (2) 2.5 percent (up to $625) of the purchase price of a principal residence purchased during 1976.