[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3742 Introduced in House (IH)]







110th CONGRESS
  1st Session
                                H. R. 3742

To amend the Internal Revenue Code of 1986 to make permanent the use of 
  qualified mortgage bonds to finance residences for veterans without 
            regard to the first-time homebuyer requirement.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            October 3, 2007

  Mr. Walz of Minnesota (for himself, Mr. Ramstad, Mr. Bishop of New 
York, Mr. Ellison, Mr. Rodriguez, Mr. Oberstar, Ms. Sutton, Mr. Cohen, 
Mr. Hall of New York, Mr. Patrick J. Murphy of Pennsylvania, Mr. Hare, 
and Ms. Eshoo) 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 make permanent the use of 
  qualified mortgage bonds to finance residences for veterans without 
            regard to the first-time homebuyer requirement.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. PERMANENT EXTENSION OF USE OF QUALIFIED MORTGAGE BONDS TO 
              FINANCE RESIDENCES FOR VETERANS WITHOUT REGARD TO FIRST-
              TIME HOMEBUYER REQUIREMENT.

    Subparagraph (D) of section 143(d)(2) of the Internal Revenue Code 
of 1986 is amended by striking ``and before January 1, 2008''.
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