Bill Title: Provides for personal income taxpayers who are first-time home buyers a credit for interest paid on a purchase money loan/mortgage of 25% of the annual interest paid over the life of the loan; allows for carryover where the credit exceeds the tax due; provides for recapture if the property ceases to qualify during the first five years after acquisition; creates the mortgage credit certificate credit against personal income tax.

Spectrum: Moderate Partisan Bill (Republican 8-1)

Status: (Introduced - Dead) 2012-06-19 - held for consideration in ways and means [A00781 Detail]

Text: Latest bill text (Introduced) [HTML]

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Sponsors

Name	Type	Contact	Phone	District	Sponsorship	State Profile	Financial	Encyclopedia	Biography
Assemblymember Annie Rabbitt [R]	Primary	Inactive	Inactive	HD-098	Sponsored Bills	Inactive	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Fred Thiele [D]	Cosponsor	N/A	N/A	HD-001	Sponsored Bills	N/A	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Brian Kolb [R]	Cosponsor	Inactive	Inactive	HD-131	Sponsored Bills	Inactive	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Gary Finch [R]	Cosponsor	Inactive	Inactive	HD-126	Sponsored Bills	Inactive	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember David McDonough [R]	Cosponsor	Email	518-455-4633	HD-014	Sponsored Bills	State Profile	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Andrew Raia [R]	Cosponsor	Inactive	Inactive	HD-012	Sponsored Bills	Inactive	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Thomas McKevitt [R]	Cosponsor	Inactive	Inactive	HD-017	Sponsored Bills	Inactive	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember William Barclay [R]	Primary	Email	518-455-3751	HD-120	Sponsored Bills	State Profile	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Marcus Molinaro [R]	Primary	Inactive	Inactive	HD-113	Sponsored Bills	Inactive	FollowTheMoney	Ballotpedia	VoteSmart

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