H.R. 5974 would amend the Internal Revenue Code of 1986 to provide a Federal income tax credit for certain home purchases.

== Detailed Summary ==

<summary>
(Log in to editAmends the wiki and be the firstInternal Revenue Code to provideallow individual taxpayers a detailed summaryone-time refundable tax credit for up to 10% of the bill!)purchase price of a principal residence purchased in the United States within the 12-month period beginning on the date of enactment of this Act. Limits the dollar amount of such credit to $10,000. Terminates such credit after 2009.
</summary>

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== Status of the Legislation ==

<status>
Latest Major Action: 5/6/2008: Referred to House committee. Status: Referred to the House Committee on Ways and Means.
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== Points in Favor ==

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== Points Against ==

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