H.R. 2801 · 111th Congress

Home Ownership Moves the Economy (HOME) Act of 2009

Stage
In committee
Introduced
2009-06-10
Latest action
2009-06-10 · Introduced in House

Summary

Home Ownership Moves the Economy (HOME) Act of 2009 - Amends the Internal Revenue Code to: (1) extend the first-time homebuyer tax credit to all individuals who purchase a principal residence (currently, only first-time homebuyers as so defined); (2) extend such credit and the waiver of recapture requirements for such credit through 2010; and (3) repeal the limitation on such credit based on modified adjusted gross income.