< Back to H.R. 3780 (111th Congress, 2009–2010)

Text of the Service Members’ Homebuyer Tax Credit Extension Act 2009

This bill was introduced on October 8, 2009, in a previous session of Congress, but was not enacted. The text of the bill below is as of Oct 8, 2009 (Introduced).

Source: GPO

I

111th CONGRESS

1st Session

H. R. 3780

IN THE HOUSE OF REPRESENTATIVES

October 8, 2009

introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to extend the first-time homebuyer tax credit for members of the Armed Forces and certain Federal employees serving on extended duty.

1.

Short title

This Act may be cited as the Service Members’ Homebuyer Tax Credit Extension Act 2009.

2.

Extension of first-time homebuyer credit for individuals on qualified official extended duty

(a)

In general

Subsection (h) of section 36 of the Internal Revenue Code of 1986 is amended—

(1)

by striking This section and inserting the following:

(1)

In general

This section

, and

(2)

by adding at the end the following new paragraph:

(2)

Special rule for qualified extended duty

(A)

In general

In the case of an individual who serves on qualified official extended duty outside the United States for at least 180 days in calendar year 2009—

(i)

paragraph (1) shall be applied by substituting December 1, 2010 for December 1, 2009,

(ii)

subparagraph (D) of subsection (f)(4) shall be applied by substituting December 1, 2010 for December 1, 2009, and

(iii)

in the case of a purchase of a principal residence after December 31, 2009, and before December 1, 2010, the taxpayer may elect to treat such purchase as made on December 31, 2009, for purposes of this section (other than subsections (c) and (f)(4)(D)).

(B)

Qualified official extended duty

For purposes of subparagraph (A), the term qualified official extended duty means qualified official extended duty (as defined in section 121(d))—

(i)

as a member of the uniformed services,

(ii)

as a member of the Foreign Service of the United States, or

(iii)

as an employee of the intelligence community.

Any term used in the preceding sentence which is also used in paragraph (9) of section 121(d) shall have the same meaning as when used in such paragraph.

.

(b)

Conforming amendment

Paragraph (4) of section 1400C(e) of such Code is amended by striking December 1, 2009 and inserting December 31, 2009.

(c)

Effective date

The amendments made by this section shall apply to purchases made after November 30, 2009.