[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1993 Introduced in House (IH)]

111th CONGRESS
  1st Session
                                H. R. 1993

  To amend the Internal Revenue Code of 1986 to modify the first-time 
                           homebuyer credit.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 21, 2009

 Mr. Courtney 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 modify the first-time 
                           homebuyer credit.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``First-Time Homebuyer Credit 
Extension Act of 2009''.

SEC. 2. MODIFICATION OF FIRST-TIME HOMEBUYER CREDIT.

    (a) Extension of Credit.--Subsection (h) of section 36 of the 
Internal Revenue Code is amended by striking ``December 1, 2009'' and 
inserting ``January 1, 2011''.
    (b) Extension of Waiver of Recapture.--Subparagraph (D) of section 
36(f)(4) of such Code is amended--
            (1) by striking ``December 31, 2008, and before December 1, 
        2009'' and inserting ``April 8, 2008, and before January 1, 
        2011'', and
            (2) in the heading by striking ``for purchases in 2009''.
    (c) Election To Treat Purchase in Prior Year.--Subsection (g) of 
such Code is amended to read as follows:
    ``(g) Election To Treat Purchase in Prior Year.--For purposes of 
this section (other than subsections (c) and (f)(4)(D)), a taxpayer may 
elect to treat a purchase of a principal residence--
            ``(1) after December 31, 2008, and before January 1, 2010, 
        as made on December 31, 2008, and
            ``(2) after December 31, 2009, and before January 1, 2011, 
        as made on December 31, 2009.''.
    (d) Effective Date.--The amendments made by this section shall take 
effect on the date of the enactment of this Act.
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