H.R.1245

To amend the Internal Revenue Code of 1986 to provide a Federal income tax credit for certain home purchases.

3/2/2009--Introduced.

Homebuyer Tax Credit Act of 2009 - Amends the Internal Revenue Code to replace the current tax credit for first-time homebuyers with a one-time credit for 10% of the purchase price of a principal residence, up to $15,000. Requires repayment of credit amounts if the taxpayer sells or fails to occupy the residence within 24 months after the date of purchase.

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