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S. 312

BillFederalSenateIn Committee
First-Time Homebuyers' Tax Credit Act of 2009
About This Bill
Committee
Latest Action · January 22, 2009
Read twice and referred to the Committee on Finance.
Congress
111th (2009–2011)
Introduced
January 22, 2009
Cosponsors (1)
0D 1R
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Summary

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First-Time Homebuyers' Tax Credit Act of 2009 - Amends the Internal Revenue Code to allow an individual taxpayer who qualifies as a first-time homebuyer (i.e., an individual who had no ownership interest in a principal residence within the past two years) a one-time refundable credit for up to $20,000 of the purchase price of a principal residence. Reduces such credit for taxpayers with adjusted gross incomes exceeding $75,000 ($150,000 for married couples filing jointly).

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