Service Members Home Ownership Tax Act of 2009
Latest action · Sep 30, 2009 Read twice and referred to the Committee on Finance.
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.
- IntroducedSep 30, 2009
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Service Members Home Ownership Tax Act of 2009 - Amends the Internal Revenue Code to: (1) exempt members of the uniformed services, the Foreign Service, and employees of the intelligence community on official extended duty service from the recapture requirements of the first-time homebuyer tax credit; (2) extend the first-time homebuyer tax credit through November 30, 2010, for individuals serving on official extended duty service outside the United States for at least 90 days in 2009; (3) exclude from gross income payments to military personnel to compensate for declines in housing values due to a base closure or realignment; and (4) increase penalties for failure to file a partnership or S corporation tax return.
Amends the Corporate Estimated Tax Shift Act of 2009 to increase corporate estimated tax payments in the third quarter of 2014 by an additional 0.5%.
Cosponsors 5
Members who signed on, in the order they did. Signatures ran from Sep 30, 2009 to Oct 22, 2009, with 1 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-OR | Jeff Merkley | Original | Sep 30, 2009 |
| D-MA | John F. Kerry | Oct 7, 2009 | |
| D-IL | Roland Burris | Oct 7, 2009 | |
| R-IA | Chuck Grassley | Oct 21, 2009 | |
| D-IL | Richard J. Durbin | Oct 22, 2009 |
Actions 2
Everything that happened, newest first.
- Sep 30, 2009Introduced in Senate
- Sep 30, 2009Read twice and referred to the Committee on Finance.
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 3590 | Patient Protection and Affordable Care Act | Related bill | Mar 23, 2010 |
| HR 3780 | Service Members' Homebuyer Tax Credit Extension Act 2009 | Related bill | Oct 8, 2009 |
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
- Diplomacy, foreign officials, Americans abroad
- Government employee pay, benefits, personnel management
- Housing finance and home ownership
- Income tax credits
- Income tax exclusion
- Income tax rates
- Intelligence activities, surveillance, classified information
- Military personnel and dependents
- Tax administration and collection, taxpayers
- Taxation
Text 1
Each version as it was printed, newest first.
- Sep 30, 2009Introduced in Senate
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.