H.R. 1245 · 111th Congress
Homebuyer Tax Credit Act of 2009
- Stage
- In committee
- Sponsor
- Ken Calvert
- Introduced
- 2009-03-02
- Latest action
- 2009-03-02 · Introduced in House
Summary
Homebuyer Tax Credit Act of 2009 - Amends the Internal Revenue Code to replace the current tax credit for first-time homebuyers with a one-time credit for 10% of the purchase price of a principal residence, up to $15,000. Requires repayment of credit amounts if the taxpayer sells or fails to occupy the residence within 24 months after the date of purchase.