H.R. 1805 · 111th Congress
American Working Families Tax Relief Act of 2009
- Stage
- In committee
- Sponsor
- Zach Wamp
- Introduced
- 2009-03-31
- Latest action
- 2009-03-31 · Introduced in House
Summary
American Working Families Tax Relief Act of 2009 - Amends the Internal Revenue Code to make permanent the tax deductions for state and local sales taxes, qualified tuition and related expenses, and mortgage insurance premiums.
Modifies the first-time homebuyer tax credit by: (1) allowing all purchasers of a principal residence, not just first-time homebuyers, to claim such credit; (2) eliminating the requirement to repay credit amounts over a 15-year period; and (3) imposing a recapture requirement for taxpayers who dispose of a residence within 36 months after purchase. Extends such credit through December 31, 2009.