Rep. Donald Manzullo (R-16th) is co-sponsoring two bills, H.R. 101 and H.R. 2655.
1/6/2009–Introduced.
Economic Recovery Through Responsible Homeownership Act of 2009 – Amends the Internal Revenue Code to allow an individual taxpayer a refundable tax credit for the purchase in 2009 or 2010 of a residence located in the United States if the construction of such residence began before 2009. Allows a credit of either $2,000, $5,000, or $10,000 for down payments of 5, 10, or 15% of the residence’s purchase price respectively.
6/2/2009–Introduced.
Amends the Internal Revenue Code to: (1) extend the first-time homebuyer tax credit to all individuals who purchase a principal residence (currently, only first-time homebuyers as so defined); (2) extend such credit and the waiver of recapture requirements for such credit through 2010; and (3) expand the election to treat a purchase of a principal residence as made in a prior taxable year for purposes of such credit.
Click on the following for the position of other Illinois representatives: Where Illinois representatives stand on extending the first-time homebuyer tax credit | WBEZ / Chicago Public Radio Blog
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