[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2562 Introduced in House (IH)]

111th CONGRESS
  1st Session
                                H. R. 2562

  To amend the Internal Revenue Code of 1986 to extend the first-time 
homebuyer credit for one year for members of the Armed Services of the 
        United States serving outside the United States in 2009.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 21, 2009

  Mr. Kind (for himself, Mr. Kagen, Mr. Sam Johnson of Texas, and Mr. 
  Boustany) 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 extend the first-time 
homebuyer credit for one year for members of the Armed Services of the 
        United States serving outside the United States in 2009.

    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 ``Service Members Home Ownership Act 
of 2009''.

SEC. 2. EXTENSION OF FIRST-TIME HOMEBUYER CREDIT FOR MEMBERS OF THE 
              ARMED FORCES SERVING OUTSIDE THE UNITED STATES.

    (a) In General.--Subsection (h) of section 36 of the Internal 
Revenue Code of 1986 is amended--
            (1) by striking ``This section'' and inserting the 
        following:
            ``(1) In general.--This section'', and
            (2) by adding at the end the following:
            ``(2) Special rules for members of armed forces outside 
        united states.--In the case of an individual serving on 
        qualified official extended duty outside of the United States 
        as a member of the Armed Forces of the United States for a 
        period in 2009 before December 1, 2009, of not less than 90 
        days--
                    ``(A) paragraph (1) shall be applied by 
                substituting `December 1, 2010' for `December 1, 2009',
                    ``(B) subsection (f)(4)(D) shall be applied by 
                substituting `December 1, 2010' for `December 1, 2009', 
                and
                    ``(C) in lieu of subsection (g), in the case of a 
                purchase of a principal residence after November 30, 
                2009, and before December 1, 2010, the taxpayer may 
                elect to treat such purchase as made on December 31, 
                2009, for purposes of this section (other than 
                subsections (c) and (f)(4)(D)).
        For purposes of the preceding sentence, the term `qualified 
        official extended duty' has the meaning given such term by 
        section 121(d)(9).''.
    (b) Coordination With First-Time Homebuyer Credit for District of 
Columbia.--Paragraph (4) of section 1400C(e) of such Code is amended by 
inserting ``(December 1, 2010, in the case of a purchase subject to 
section 36(h)(2))'' after ``December 1, 2009''.
    (c) Effective Date.--The amendments made by this section shall 
apply to residences purchased after November 30, 2009.
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