HR 5974 · 110th Congress 2007–2009, ended

To amend the Internal Revenue Code of 1986 to provide a Federal income tax credit for certain home purchases.

Introduced May 6, 2008 Originated House Sponsor Lee Terry R-NE

Fact sheet

Latest action · May 6, 2008 Referred to the House Committee on Ways and Means.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

  1. IntroducedMay 6, 2008
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

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.

Cosponsors 21

Members who signed on, in the order they did. Signatures ran from May 6, 2008 to Sep 28, 2008, with 7 there on the day it was introduced.

SeatCosponsorSigned on
R-VAEric CantorOriginalMay 6, 2008
R-SCJoe WilsonOriginalMay 6, 2008
R-TXKenny MarchantOriginalMay 6, 2008
R-TXPete SessionsOriginalMay 6, 2008
R-MORoy BluntOriginalMay 6, 2008
R-WVShelley Moore CapitoOriginalMay 6, 2008
R-NYVito FossellaOriginalMay 6, 2008
R-WADoc HastingsMay 7, 2008
R-VAThelma D. DrakeMay 7, 2008
R-OKTom ColeMay 7, 2008
R-CADaniel E. LungrenMay 8, 2008
R-ALJo BonnerMay 8, 2008
R-NJRodney P. FrelinghuysenMay 8, 2008
R-PACharles W. DentMay 13, 2008
R-PAJim GerlachMay 13, 2008
Show all 21 cosponsors

Actions 3

Everything that happened, newest first.

  1. May 6, 2008Introduced in House
  2. May 6, 2008Referred to the House Committee on Ways and Means.
  3. May 6, 2008Sponsor introductory remarks on measure. (CR E830)

Related bills 3

Companion bills and other measures the record links to this one.

BillTitleRelationshipLatest action
S 2566A bill to amend the Internal Revenue Code of 1986 to provide a Federal income tax credit for certain home purchases.Related billJan 29, 2008
HR 5565To amend the Internal Revenue Code of 1986 to provide a Federal income tax credit for certain home purchases.Related billMar 10, 2008
HR 5670To amend the Internal Revenue Code of 1986 to provide a Federal income tax credit for certain home purchases.Related billApr 1, 2008

Subjects

Assigned by the Library of Congress. Policy area: Taxation.

Text 1

Each version as it was printed, newest first.

  1. May 6, 2008Introduced in House

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.