H.R. 101 · 111th Congress
Economic Recovery Through Responsible Homeownership Act of 2009
- Stage
- In committee
- Sponsor
- David Dreier
- Introduced
- 2009-01-06
- Latest action
- 2009-01-06 · Introduced in House
Summary
Economic Recovery Through Responsible Homeownership Act of 2009 - Amends the Internal Revenue Code to allow an individual taxpayer a refundable tax credit for the purchase in 2009 or 2010 of a residence located in the United States if the construction of such residence began before 2009. Allows a credit of either $2,000, $5,000, or $10,000 for downpayments of 5, 10, or 15% of the residence's purchase price respectively.