H.R. 3382 · 111th Congress
HIRE Act of 2009
- Stage
- In committee
- Sponsor
- Hank Johnson
- Introduced
- 2009-07-29
- Latest action
- 2009-07-29 · Introduced in House
Summary
Home Improvements Revitalize the Economy Act of 2009 or the HIRE Act of 2009 - Amends the Internal Revenue Code to allow: (1) an income-based tax deduction (up to $2,000) for the purchase of residential building products and furnishings (up to $4,000 for products and furnishings that meet specified environmental standards); (2) a tax credit for 20% (up to $500) of the purchase price of residential building products and furnishings; and (3) a general business tax credit for the purchase of residential building products and furnishings for resale to customers. Terminates such deduction and credits after 2011.