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      <item>
        <title>First-Time Homebuyers' Tax Credit Act of 2008</title>
        <congress>110</congress>
        <number>5643</number>
        <type>HR</type>
        <latestAction>
          <actionDate>2008-03-14</actionDate>
          <text>Referred to the House Committee on Ways and Means.</text>
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          </item>
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      </item>
      <item>
        <title>First Time Property Owners Tax Credit Act of 2008</title>
        <congress>110</congress>
        <number>5992</number>
        <type>HR</type>
        <latestAction>
          <actionDate>2008-05-07</actionDate>
          <text>Referred to the House Committee on Ways and Means.</text>
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            <identifiedBy>CRS</identifiedBy>
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        <actionDate>2007-08-03</actionDate>
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            <name>Finance Committee</name>
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        <text>Read twice and referred to the Committee on Finance.</text>
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        <actionDate>2007-08-03</actionDate>
        <text>Introduced in Senate</text>
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        <bioguideId>S000770</bioguideId>
        <fullName>Sen. Stabenow, Debbie [D-MI]</fullName>
        <firstName>Debbie</firstName>
        <lastName>Stabenow</lastName>
        <party>D</party>
        <state>MI</state>
        <isByRequest>N</isByRequest>
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    </sponsors>
    <cosponsors>
      <item>
        <bioguideId>S001142</bioguideId>
        <fullName>Sen. Smith, Gordon H. [R-OR]</fullName>
        <firstName>GORDON</firstName>
        <lastName>SMITH</lastName>
        <party>R</party>
        <state>OR</state>
        <middleName>H.</middleName>
        <sponsorshipDate>2007-08-03</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>K000367</bioguideId>
        <fullName>Sen. Klobuchar, Amy [D-MN]</fullName>
        <firstName>Amy</firstName>
        <lastName>Klobuchar</lastName>
        <party>D</party>
        <state>MN</state>
        <sponsorshipDate>2007-08-03</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>L000304</bioguideId>
        <fullName>Sen. Lieberman, Joseph I. [ID-CT]</fullName>
        <firstName>JOSEPH</firstName>
        <lastName>LIEBERMAN</lastName>
        <party>ID</party>
        <state>CT</state>
        <middleName>I.</middleName>
        <sponsorshipDate>2007-08-03</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
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    <policyArea>
      <name>Taxation</name>
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    <subjects>
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          <name>Home ownership</name>
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        <item>
          <name>Housing and Community Development</name>
        </item>
        <item>
          <name>Housing finance</name>
        </item>
        <item>
          <name>Income tax</name>
        </item>
        <item>
          <name>Tax credits</name>
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      </legislativeSubjects>
      <policyArea>
        <name>Taxation</name>
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        <versionCode>00</versionCode>
        <actionDate>2007-08-03</actionDate>
        <actionDesc>Introduced in Senate</actionDesc>
        <updateDate>2007-08-24T14:40:51Z</updateDate>
        <text><![CDATA[ First-Time Homebuyers' Tax Credit Act of 2007 - Amends the Internal Revenue Code to: (1) allow an income-based, one-time refundable tax credit for first-time homebuyers of ten percent of a principal residence's purchase price ($3,000 maximum credit, $6,000 maximum credit for joint filers); (2) allow transfer of such credit (within 30 days of transfer application) as payment towards related downpayment and closing costs; and (3) apply the credit to purchases made on or after January 1, 2008, and before January 1, 2013, and to binding contracts made between such dates, and in which the residence is occupied before July 1, 2014.]]></text>
      </summary>
    </summaries>
    <title>First-Time Homebuyers' Tax Credit Act of 2007</title>
    <titles>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>A bill to amend the Internal Revenue Code of 1986 to allow a refundable credit against income tax for the purchase of a principal residence by a first-time homebuyer.</title>
        <billTextVersionName>Introduced in Senate</billTextVersionName>
        <billTextVersionCode>IS</billTextVersionCode>
      </item>
      <item>
        <titleType>Display Title</titleType>
        <title>First-Time Homebuyers' Tax Credit Act of 2007</title>
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      <item>
        <titleType>Short Titles as Introduced</titleType>
        <title>First-Time Homebuyers' Tax Credit Act of 2007</title>
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        <type>Introduced in Senate</type>
        <date>2007-08-03T04:00:00Z</date>
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            <url>https://www.govinfo.gov/content/pkg/BILLS-110s1988is/xml/BILLS-110s1988is.xml</url>
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    <latestAction>
      <actionDate>2007-08-03</actionDate>
      <text>Read twice and referred to the Committee on Finance.</text>
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    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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