H.R.1317

To amend the Internal Revenue Code of 1986 to provide a tax credit to individuals who pay their mortgages on time.

3/4/2009--Introduced.

Amends the Internal Revenue Code to allow individual taxpayers who are liable for one or more principal residence mortgage payments which are due in 2008 or 2009 a $5,000 tax credit for making such payments on time. Requires a statement from the mortgage lender that the taxpayer was not delinquent in making any payments.

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