Income tax, state; homebuyer tax credit. (HB1808)

Introduced By

Del. Chris Peace (R-Mechanicsville) with support from co-patron Sen. Jennifer McClellan (D-Richmond)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Income tax; homebuyer tax credit. Provides an income tax credit equal to $2,500 for single taxpayers and $5,000 for married taxpayers filing jointly for taxable years beginning on or after January 1, 2009, but before January 1, 2011, who purchase a principal residence during that period. Any tax credit claimed would be recaptured if the taxpayer disposes of the principal residence within two years after purchase. Amends § 58.1-339.12, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/09/2009Committee
01/09/2009Prefiled and ordered printed; offered 01/14/09 099802676
01/09/2009Referred to Committee on Finance
01/16/2009Assigned Finance sub: 3
01/16/2009Impact statement from TAX (HB1808)
02/10/2009Left in Finance

Duplicate Bills

The following bills are identical to this one: SB906.