I
111th CONGRESS
1st Session
H. R. 1993
IN THE HOUSE OF REPRESENTATIVES
April 21, 2009
Mr. Courtney introduced the following bill; which was referred to the Committee on Ways and Means
A BILL
To amend the Internal Revenue Code of 1986 to modify the first-time homebuyer credit.
Short title
This Act may be cited as the
First-Time Homebuyer Credit Extension
Act of 2009
.
Modification of first-time homebuyer credit
Extension of credit
Subsection (h) of
section 36 of the Internal Revenue Code is amended by striking December
1, 2009
and inserting January 1, 2011
.
Extension of waiver of recapture
Subparagraph (D) of section 36(f)(4) of such Code is amended—
by striking December 31, 2008, and
before December 1, 2009
and inserting April 8, 2008, and before
January 1, 2011
, and
in the heading by
striking for purchases
in 2009
.
Election To treat purchase in prior year
Subsection (g) of such Code is amended to read as follows:
Election To treat purchase in prior year
For purposes of this section (other than subsections (c) and (f)(4)(D)), a taxpayer may elect to treat a purchase of a principal residence—
after December 31, 2008, and before January 1, 2010, as made on December 31, 2008, and
after December 31, 2009, and before January 1, 2011, as made on December 31, 2009.
.
Effective date
The amendments made by this section shall take effect on the date of the enactment of this Act.