I
111th CONGRESS
2d Session
H. R. 5183
IN THE HOUSE OF REPRESENTATIVES
April 29, 2010
Mr. Bright 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 extend the first-time homebuyer tax credit through December 31, 2010, and for other purposes.
Extension of first-time homebuyer credit
In general
Paragraph (1) of
section 36(h) of the Internal Revenue Code of 1986 is amended by striking
May 1, 2010
and inserting January 1, 2011
.
Binding contract exception
Paragraph (2) of section 36(h) of such Code is amended—
by striking
May 1, 2010
each place it appears and inserting January
1, 2011
, and
by striking
July 1, 2010
each place it appears and inserting May 1,
2011
.
Special rule for individuals on qualified official extended duty outside the United States
Paragraph (3) of section 36(h) of such Code is amended—
by striking
May 1, 2010
in the matter preceding subparagraph (A) and
inserting January 1, 2011
,
by striking
and
inserting May 1, 2011
for May 1, 2010
, andJanuary 1, 2012
for January 1,
2011
by striking
and
inserting July 1, 2011
for July 1, 2010
.May 1, 2012
for May 1,
2011
Effective date
The amendments made by this section shall apply to residences purchased after April 30, 2010.