[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3801 Introduced in House (IH)]

111th CONGRESS
  1st Session
                                H. R. 3801

  To amend the Internal Revenue Code of 1986 to extend the increased 
first-time homebuyer credit and waiver of requirement to repay, and for 
                            other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            October 13, 2009

  Mr. Sestak 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 increased 
first-time homebuyer credit and waiver of requirement to repay, and for 
                            other purposes.

    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 
Continuation Act of 2009''.

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

    (a) In General.--Subsection (h) of section 36 of the Internal 
Revenue Code of 1986 is amended by striking ``December 1, 2009'' and 
inserting ``December 1, 2010''.
    (b) Extension of Waiver of Recapture Subparagraph.--Subparagraph 
(D) of section 36(f)(4) of such Code is amended by striking ``December 
1, 2009'' and inserting ``December 1, 2010''.
    (c) Election To Treat Purchase in Prior Year.--Subsection (g) of 
section 36 of such Code is amended--
            (1) by striking ``December 1, 2009'' and inserting 
        ``January 1, 2010'', and
            (2) by adding at the end the following: ``In the case of 
        such a purchase after December 31, 2009, and before December 1, 
        2010, a taxpayer may elect to treat such purchase as made on 
        December 31, 2009, for purposes of this section (other than the 
        preceding sentence and subsections (c) and (f)(4)(D)).''.
    (d) Coordination With Similar District of Columbia Credit.--
Paragraph (4) of section 1400C(e) of such Code is amended by striking 
``December 1, 2009'' and inserting ``January 1, 2010''.
    (e) Effective Date.--The amendments made by this section shall 
apply to residences purchased after November 30, 2009.
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