H.R. 2905 would amend the Internal Revenue Code of 1986 to extend the first-time homebuyer tax credit and to modify the credit by repealing the first-time homebuyer requirement and waiving recapture.
Detailed Summary
Homebuyer Tax Credit Expansion Act of 2009 - Amends the Internal Revenue Code to: (1) extend the first-time homebuyer tax credit to all individuals who purchase a principal residence (currently, only first-time homebuyers as so defined); (2) repeal recapture requirements for such credit; and (3) extend such credit through 2011.
Status of the Legislation
Latest Major Action: 6/16/2009: Referred to House committee. Status: Referred to the House Committee on Ways and Means.
Points in Favor
(Log in to edit the wiki and be the first to show why the bill should pass!)
Points Against
(Log in to edit the wiki and be the first to show why the bill should not pass!)
Visitor Comments
There are currently no comments for this bill.