I 111th CONGRESS 1st Session H. R. 1767 IN THE HOUSE OF REPRESENTATIVES March 26, 2009 Mr. Paul 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 the first-time homebuyer credit retroactive to the beginning of 2008 and to permanently extend the credit.

1.

Short title

This Act may be cited as the Fair Housing Tax Credit Extension Act of 2009.

2.

Application of first-time homebuyer credit

(a)

In general

Subsection (h) of section 36 of the Internal Revenue Code of 1986 is amended to read as follows: (h)

Application of section

This section shall only apply to a principal residence purchased by the taxpayer after December 31, 2007. . (b)

Effective date

The amendment made by subsection (a) shall apply to principal residences purchased after December 31, 2007.