US HB2808 | 2017-2018 | 115th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on June 7 2017 - 25% progression, died in committee
Action: 2017-06-07 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on June 7 2017 - 25% progression, died in committee
Action: 2017-06-07 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
First Time Homeowner Savings Plan Act This bill amends the Internal Revenue Code to increase from $10,000 to $25,000 the maximum amount that may be withdrawn, without penalty, from a qualified retirement plan for purposes of assisting a first-time homebuyer in purchasing a principal residence. This increased distribution amount shall be adjusted annually for inflation for taxable years beginning after 2018.
Title
First Time Homeowner Savings Plan Act
Sponsors
| Rep. Sean Maloney [D-NY] | Rep. Mike Coffman [R-CO] |
History
| Date | Chamber | Action |
|---|---|---|
| 2017-06-07 | House | Referred to the House Committee on Ways and Means. |
| 2017-06-07 | House | Introduced in House |
Same As/Similar To
SB1880 (Related) 2017-09-27 - Read twice and referred to the Committee on Finance.
SB1938 (Related) 2017-10-05 - Read twice and referred to the Committee on Finance.
SB1938 (Related) 2017-10-05 - Read twice and referred to the Committee on Finance.
Subjects
Employee benefits and pensions
Housing finance and home ownership
Income tax exclusion
Inflation and prices
Taxation
Housing finance and home ownership
Income tax exclusion
Inflation and prices
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/115th-congress/house-bill/2808/all-info |
| Text | https://www.congress.gov/115/bills/hr2808/BILLS-115hr2808ih.pdf |
