To amend the Internal Revenue Code of 1986 to provide a Federal income tax credit for certain home purchases.
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.
- IntroducedMay 6, 2008
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- 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; 7 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-VA | Eric Cantor | Original | May 6, 2008 |
| R-SC | Joe Wilson | Original | May 6, 2008 |
| R-TX | Kenny Marchant | Original | May 6, 2008 |
| R-TX | Pete Sessions | Original | May 6, 2008 |
| R-MO | Roy Blunt | Original | May 6, 2008 |
| R-WV | Shelley Moore Capito | Original | May 6, 2008 |
| R-NY | Vito Fossella | Original | May 6, 2008 |
| R-WA | Doc Hastings | May 7, 2008 | |
| R-VA | Thelma D. Drake | May 7, 2008 | |
| R-OK | Tom Cole | May 7, 2008 | |
| R-CA | Daniel E. Lungren | May 8, 2008 | |
| R-AL | Jo Bonner | May 8, 2008 | |
| R-NJ | Rodney P. Frelinghuysen | May 8, 2008 | |
| R-PA | Charles W. Dent | May 13, 2008 | |
| R-PA | Jim Gerlach | May 13, 2008 | |
| R-TX | John Abney Culberson | May 13, 2008 | |
| R-CO | Marilyn N. Musgrave | May 13, 2008 | |
| R-MN | John Kline | May 21, 2008 | |
| R-MI | Tim Walberg | Jun 12, 2008 | |
| R-KS | Todd Tiahrt | Jun 17, 2008 | |
| R-ID | Bill Sali | Sep 28, 2008 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Ways and Means Committee | Referred May 6, 2008 |
Actions 3
Everything that happened, newest first.
- May 6, 2008Introduced in House
- May 6, 2008Sponsor introductory remarks on measure. (CR E830)
- May 6, 2008Referred to the House Committee on Ways and Means.
In the Congressional Record 3
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| Extensions | Debate and remarks E1693 | Todd Tiahrt R-KS | Aug 1, 2008 |
| Extensions | Debate and remarks E986 | Todd Tiahrt R-KS | May 21, 2008 |
| Extensions | Debate and remarks E830 | Lee Terry R-NE | May 6, 2008 |
Related bills 3
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 2566 | A bill to amend the Internal Revenue Code of 1986 to provide a Federal income tax credit for certain home purchases. | Related bill | Jan 29, 2008 |
| HR 5565 | To amend the Internal Revenue Code of 1986 to provide a Federal income tax credit for certain home purchases. | Related bill | Mar 10, 2008 |
| HR 5670 | To amend the Internal Revenue Code of 1986 to provide a Federal income tax credit for certain home purchases. | Related bill | Apr 1, 2008 |
Titles 1
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Internal Revenue Code of 1986 to provide a Federal income tax credit for certain home purchases.
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- May 6, 2008Introduced in House
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; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
