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H.R. 1245

BillFederalHouseIn Committee
Homebuyer Tax Credit Act of 2009
About This Bill
Committee
Latest Action · March 2, 2009
Referred to the House Committee on Ways and Means.
Congress
111th (2009–2011)
Introduced
March 2, 2009
Cosponsors (51)
11D 40R
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Summary

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Homebuyer Tax Credit Act of 2009 - Amends the Internal Revenue Code to replace the current tax credit for first-time homebuyers with a one-time credit for 10% of the purchase price of a principal residence, up to $15,000. Requires repayment of credit amounts if the taxpayer sells or fails to occupy the residence within 24 months after the date of purchase.

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