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H.R. 1317

BillFederalHouseIn Committee
To amend the Internal Revenue Code of 1986 to provide a tax credit to individuals who pay their mortgages on time.
About This Bill
Committee
Latest Action · March 4, 2009
Referred to the House Committee on Ways and Means.
Congress
111th (2009–2011)
Introduced
March 4, 2009
Cosponsors (14)
4D 10R
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Summary

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Amends the Internal Revenue Code to allow individual taxpayers who are liable for one or more principal residence mortgage payments which are due in 2008 or 2009 a $5,000 tax credit for making such payments on time. Requires a statement from the mortgage lender that the taxpayer was not delinquent in making any payments.

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