H.R. 5974 (110th): To amend the Internal Revenue Code of 1986 to provide a Federal income tax credit for certain home purchases.

Introduced:
May 06, 2008 (110th Congress, 2007–2009)
Status:
Died (Referred to Committee)
Sponsor
Lee Terry
Representative for Nebraska's 2nd congressional district
Party
Republican
Text
Read Text »
Last Updated
May 06, 2008
Length
8 pages
Related Bills
H.R. 5670 (Related)
To amend the Internal Revenue Code of 1986 to provide a Federal income tax ...

Referred to Committee
Last Action: Apr 01, 2008

H.R. 5565 (Related)
To amend the Internal Revenue Code of 1986 to provide a Federal income tax ...

Referred to Committee
Last Action: Mar 10, 2008

 
Status

This bill was introduced on May 6, 2008, in a previous session of Congress, but was not enacted.

Progress
Introduced May 06, 2008
Referred to Committee May 06, 2008
 
Summary

No summaries available.

Cosponsors
21 cosponsors (21R) (show)
Committees

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


5/6/2008--Introduced.
Amends the Internal Revenue Code to allow individual taxpayers a one-time refundable tax credit for up to 10% of the 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.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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