H.R.1245 - Homebuyer Tax Credit Act of 2009111th Congress (2009-2010)
Summary: H.R.1245 — 111th Congress (2009-2010)
Introduced in House (03/02/2009)
Homebuyer Tax Credit Act of 2009 - Amends the Internal Revenue Code to replace the current tax credit for first-time homebuyers with a one-time credit for 10% of the purchase price of a principal residence, up to $15,000. Requires repayment of credit amounts if the taxpayer sells or fails to occupy the residence within 24 months after the date of purchase.