[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2905 Introduced in House (IH)]

111th CONGRESS
  1st Session
                                H. R. 2905

  To amend the Internal Revenue Code of 1986 to extend the first-time 
 homebuyer tax credit and to modify the credit by repealing the first-
           time homebuyer requirement and waiving recapture.


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                    IN THE HOUSE OF REPRESENTATIVES

                             June 16, 2009

 Mr. Moran of Kansas 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 tax credit and to modify the credit by repealing the first-
           time homebuyer requirement and waiving recapture.

    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 ``Homebuyer Tax Credit Expansion Act 
of 2009''.

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

    (a) Repeal of First-Time Homebuyer Requirement.--
            (1) In general.--
                    (A) Subsection (a) of section 36 of the Internal 
                Revenue Code of 1986 is amended by striking ``who is a 
                first-time homebuyer of a principal residence'' and 
                inserting ``who purchases a principal residence''.
                    (B) Subsection (c) of section 36 of such Code is 
                amended by striking paragraph (1) (defining first-time 
                homebuyer) and by redesignating paragraphs (2), (3), 
                (4), and (5) as paragraphs (1), (2), (3), and (4), 
                respectively.
            (2) Conforming amendment.--The heading for section 36 of 
        such Code is amended by striking ``first-time''.
    (b) Waiver of Recapture.--
            (1) In general.--Section 36 of such Code is amended by 
        striking subsection (f) and by redesignating subsections (g) 
        and (h) as subsections (f) and (g), respectively.
            (2) Conforming amendment.--Subsection (f) of section 36 of 
        such Code (as redesignated by this section) is amended by 
        striking ``subsection (c) and (f)(4)(D)'' and inserting 
        ``subsection (c)''.
    (c) Extension.--Subsection (g) of section 36 of such Code (as 
redesignated by this section) is amended by striking ``December 1, 
2009'' and inserting January 1, 2012.
    (d) Effective Dates.--
            (1) In general.--Except as provided in paragraph (2), the 
        amendments made by this section shall apply to residences 
        purchased after the date of the enactment of this Act.
            (2) Subsection (b).--The amendments made by subsection (b) 
        shall take effect as included in the enactment of section 
        3011(a) of the Housing Assistance and Tax Relief Act of 2008.
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