- Not enactedThe President has not signed this bill
- The senate has not voted
- The house has not voted
House Committee on Ways and MeansIntroducedOctober 30th, 2013
- house Committees
What is it?
This bill would provide veterans who are first time homebuyers with a tax credit that is 10% of the purchase price of the property in question. The bill also includes an additional credit of up to $8,000 for the cost of installing "fixtures or movable facilities" for disabled veterans. If enacted, the tax credit provided by the bill would be apply to homes purchased prior to January 1st, 2017. The tax credit would be recaptured if a veteran sold his or her property within three years after buying it.
The bill affects veterans who have never bought a home.
A CBO cost is currently unavailable.