http://www.washingtonwatch.com/bills info@washingtonwatch.com http://www.pjdoland.com/chai/?v=0.1 http://www.washingtonwatch.com/bills/show/111_SN_1230.html#63067 Increasing the credit to as much as $15,000 will incentivize people like myself to not only want to purchase a home in a market where home values are still declining. But incentivizes folks like me to want to take a larger risk and buy a larger home. I currently qualify for home in the $300,000 price range but if I can only get a credit, based on income, of no more than $6,000 then I'm not incline to purchase more than a home in the $125,000 price range. If I knew that I qualified for what would likely amount to an $11,250 tax credit I'd be more inclined to purchase a home in the $225,000 price range.... 63067@http://www.washingtonwatch.com Wed, 22 Jul 2009 00:00:00 EDT http://www.washingtonwatch.com/bills/history/111_SN_1230.html?rev=52735 <p>S. 1230 would amend the Internal Revenue Code of 1986 to provide a Federal income tax credit for certain home purchases.</p> <h2 id="toc0"> Detailed Summary </h2> <p>Home Buyer 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.</p> <!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --> <h2 id="toc1"> Status of the Legislation </h2> <p>Latest Major Action: 6/10/2009: Referred to Senate committee. Status: Read twice and referred to the Committee on Finance.</p> <!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --> <h2 id="toc2"> Points in Favor </h2> <p>(Log in to edit the wiki and be the first to show why the bill should pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> <h2 id="toc3"> Points Against </h2> <p>(Log in to edit the wiki and be the first to show why the bill should not pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> 52735@http://www.washingtonwatch.com Thu, 16 Jul 2009 00:00:00 EDT http://www.washingtonwatch.com/bills/history/111_SN_1230.html?rev=49421 <p>S. 1230 would amend the Internal Revenue Code of 1986 to provide a Federal income tax credit for certain home purchases.</p> <h2 id="toc4"> Detailed Summary </h2> <p>(Log in to edit the wiki and be the first to provide a detailed summary of the bill!)</p> <!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --> <h2 id="toc5"> Status of the Legislation </h2> <p>(Log in to edit the wiki and be the first to update the status of the bill!)</p> <!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --> <h2 id="toc6"> Points in Favor </h2> <p>(Log in to edit the wiki and be the first to show why the bill should pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> <h2 id="toc7"> Points Against </h2> <p>(Log in to edit the wiki and be the first to show why the bill should not pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> 49421@http://www.washingtonwatch.com Thu, 11 Jun 2009 00:00:00 EDT http://www.washingtonwatch.com/bills/history/111_SN_1230.html?rev=49422 <p>S. 1230 would amend the Internal Revenue Code of 1986 to provide a Federal income tax credit for certain home purchases.</p> <h2 id="toc8"> Detailed Summary </h2> <p>(Log in to edit the wiki and be the first to provide a detailed summary of the bill!)</p> <!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --> <h2 id="toc9"> Status of the Legislation </h2> <p>Latest Major Action: 6/10/2009: Referred to Senate committee. Status: Read twice and referred to the Committee on Finance.</p> <!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --> <h2 id="toc10"> Points in Favor </h2> <p>(Log in to edit the wiki and be the first to show why the bill should pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> <h2 id="toc11"> Points Against </h2> <p>(Log in to edit the wiki and be the first to show why the bill should not pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> 49422@http://www.washingtonwatch.com Thu, 11 Jun 2009 00:00:00 EDT http://www.washingtonwatch.com/bills/show/111_SN_1230.html 6/10/2009: Referred to Senate committee. Status: Read twice and referred to the Committee on Finance. 48163@http://www.washingtonwatch.com Wed, 10 Jun 2009 00:00:00 EDT