H.R. 5670 · 110th Congress
To amend the Internal Revenue Code of 1986 to provide a Federal income tax credit for certain home purchases.
- Stage
- In committee
- Sponsor
- Vito Fossella
- Introduced
- 2008-04-01
- Latest action
- 2008-04-01 · Introduced in House
Summary
Amends the Internal Revenue Code to allow individual taxpayers a one-time tax credit for up to $10,000 of the cost of a principal residence purchased in the United States within the 12-month period following enactment of this Act. Terminates such credit after 2009.