[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4713 Introduced in House (IH)]

111th CONGRESS
  2d Session
                                H. R. 4713

  To amend the Internal Revenue Code of 1986 to allow the first-time 
 homebuyer credit in the case of joint returns of long-time residents 
     where only 1 spouse meets the ownership and use requirements.


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                    IN THE HOUSE OF REPRESENTATIVES

                           February 26, 2010

 Ms. Moore of Wisconsin (for herself, Mr. Thompson of Mississippi, and 
Mr. Loebsack) 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 allow the first-time 
 homebuyer credit in the case of joint returns of long-time residents 
     where only 1 spouse meets the ownership and use requirements.

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

SECTION 1. ALLOWANCE OF FIRST-TIME HOMEBUYER CREDIT FOR MARRIED LONG-
              TIME RESIDENTS WHERE ONLY 1 SPOUSE MEETS THE OWNERSHIP 
              AND USE REQUIREMENTS.

    (a) Special Rule for Married Spouses.--Paragraph (6) of section 
36(c) of the Internal Revenue Code of 1986 is amended by adding at the 
end the following new sentence: ``In the case of a joint return where 
only 1 spouse meets the ownership and use requirements of the preceding 
sentence with respect to such same residence, such spouse shall be 
treated as a first-time homebuyer for purposes of this section with 
respect to the purchase of such subsequent residence.''.
    (b) Dollar Limitation.--Subparagraph (D) of section 36(b)(1) of 
such Code is amended by inserting before the period at the end the 
following: ``, except that in the case of a joint returned described in 
the second sentence of subsection (c)(6), subparagraphs (B) and (C) 
shall not apply and subparagraph (A) shall be applied by substituting 
`$3,250' for `$8,000'.''.
    (c) Effective Date.--The amendments made by this section shall take 
effect as if included in the amendments made by subsections (b) and (c) 
of section 11 of the Worker, Homeownership, and Business Assistance Act 
of 2009.
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