I
One Hundred Eleventh Congress of the United States of America
At the Second Session
Begun and held at the City of Washington on Tuesday, the fifth day of January, two thousand and ten
H. R. 5623
AN ACT
To amend the Internal Revenue Code of 1986 to extend the homebuyer tax credit for the purchase of a principal residence before October 1, 2010, in the case of a written binding contract entered into with respect to such principal residence before May 1, 2010, and for other purposes.
Short title
This Act may be cited as the Homebuyer Assistance and Improvement Act of 2010
.
Extension of homebuyer credit for certain purchases pursuant to binding contracts
In general
Paragraph (2) of section 36(h) of the Internal Revenue Code of 1986 is amended by striking paragraph (1) shall be applied by substituting
and inserting July 1, 2010
and who purchases such residence before October 1, 2010, paragraph (1) shall be applied by substituting
.October 1, 2010
Conforming amendment
Subparagraph (B) of section 36(h)(3) of such Code is amended by inserting , and for
after October 1, 2010
for
.July 1, 2010
Effective date
The amendments made by this section shall apply to residences purchased after June 30, 2010.
Application of bad checks penalty to electronic payments
In general
Section 6657 of the Internal Revenue Code of 1986 is amended—
by striking If any check or money order in payment of any amount
and inserting If any instrument in payment, by any commercially acceptable means, of any amount
, and
by striking such check
each place it appears and inserting such instrument
.
Effective dates
The amendments made by this section shall apply to instruments tendered after the date of the enactment of this Act.
Disclosure of prisoner return information to State prisons
In general
Subparagraph (A) of section 6103(k)(10) of the Internal Revenue Code of 1986 is amended—
by inserting and the head of any State agency charged with the responsibility for administration of prisons
after the head of the Federal Bureau of Prisons
, and
by striking Federal prison
and inserting Federal or State prison
.
Restriction on redisclosure
Subparagraph (B) of section 6103(k)(10) of such Code is amended—
by inserting and the head of any State agency charged with the responsibility for administration of prisons
after the head of the Federal Bureau of Prisons
, and
by inserting or agency
after such Bureau
.
Recordkeeping
Paragraph (4) of section 6103(p) of such Code is amended by inserting (k)(10),
before (l)(6),
in the matter preceding subparagraph (A).
Clerical amendment
The heading of paragraph (10) of section 6103(k) of such Code is amended by striking of prisoners to federal bureau of prisons
and inserting to certain prison officials
.
Effective date
The amendments made by this section shall apply to disclosures made after the date of the enactment of this Act.
Amendment of Travel Promotion Act of 2009
Travel promotion fund fees
Section 217(h)(3)(B) of the Immigration and Nationality Act (8 U.S.C. 1187(h)(3)(B)) is amended—
by striking subsection (d) of section 11 of the Travel Promotion Act of 2009.
in clause (ii) and inserting subsection (d) of the Travel Promotion Act of 2009 (22 U.S.C. 2131(d)).
; and
by striking September 30, 2014.
in clause (iii) and inserting September 30, 2015.
.
Implementation beginning in fiscal year 2011
Subsection (d) of the Travel Promotion Act of 2009 (22 U.S.C. 2131(d)) is amended—
by striking For fiscal year 2010, the
in paragraph (2)(A) and inserting The
;
by striking quarterly, beginning on January 1, 2010,
in paragraph (2)(A) and inserting monthly, immediately following the collection of fees under section 217(h)(3)(B)(i)(I) of the Immigration and Nationality Act (8 U.S.C. 1187(h)(3)(B)(i)(I)),
;
by striking fiscal years 2011 through 2014,
in paragraph (2)(B) and inserting fiscal years 2012 through 2015,
;
by striking fiscal year 2010,
in paragraph (3)(A) and inserting fiscal year 2011,
;
by striking fiscal year 2011,
each place it appears in paragraph (3)(A) and inserting fiscal year 2012,
; and
by striking fiscal year 2010, 2011, 2012, 2013, or 2014
in paragraph (4)(B) and inserting fiscal year 2011, 2012, 2013, 2014, or 2015
.
Paygo compliance
The budgetary effects of this Act, for the purpose of complying with the Statutory Pay-As-You-Go Act of 2010, shall be determined by reference to the latest statement titled Budgetary Effects of PAYGO Legislation
for this Act, submitted for printing in the Congressional Record by the Chairman of the House Budget Committee, provided that such statement has been submitted prior to the vote on passage.
Speaker of the House of Representatives.
Vice President of the United States and President of the Senate.
