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S. 740

BillFederalSenateIn Committee
A bill to amend the Internal Revenue Code of 1986 to expand the homebuyer tax credit, and for other purposes.
About This Bill
Committee
Latest Action · March 30, 2009
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S4065)
Congress
111th (2009–2011)
Introduced
March 30, 2009
Cosponsors (0)
None
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Summary

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Amends the Internal Revenue Code to: (1) extend the first-time homebuyer tax credit to all purchasers of a principal residence; (2) increase the maximum amount of such credit from $8,000 to $15,000; and (3) repeal the reduction in such credit for taxpayers whose modified adjusted gross income exceeds $75,000 ($150,000 in the case of married couples filing jointly).

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