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  • Not enacted
    The President has not signed this bill
  • The senate has not voted
  • The house has not voted
      house Committees
      House Committee on Ways and Means
    IntroducedMay 25th, 2010

Bill Details

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Title

Help Disaster Victims Buy a New Home Act of 2010

Official Title

To amend the Internal Revenue Code of 1986 to allow the first-time homebuyer credit for the purchase of a principal residence to replace a principal residence damaged or destroyed in a federally declared disaster, and for other purposes.

Summary

Help Disaster Victims Buy a New Home Act of 2010 - Amends the Internal Revenue Code to: (1) treat individual taxpayers who purchase a principal residence to replace a principal residence damaged or destroyed by a federally declared disaster as first-time homebuyers for purposes of the tax credit allowed to such homebuyers; (2) allow taxpayers who do not itemize their tax deductions a deduction from gross income for net casualty losses due to a federally declared disaster and permit a carryover of such losses for five years; and (3) exclude from gross income unemployment compensation paid to workers in a federally declared disaster area.

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