H.R. 3773 would amend the Internal Revenue Code of 1986 to extend the first-time homebuyer tax credit.
Detailed Summary
Amends Internal Revenue Code provisions relating to the first-time homebuyer tax credit to: (1) extend such tax credit through May 31, 2010; (2) extend through December 31, 2009, the date until which purchases of a principal residence may be treated as made on December 31, 2008, for tax purposes; and (3) extend through May 31, 2010, the waiver of recapture requirements for residences purchased after December 31, 2008.
Status of the Legislation
Latest Major Action: 10/8/2009: Referred to House committee. Status: Referred to the House Committee on Ways and Means.
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Points Against
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