H.R. 1913 · 108th Congress
Rural Housing Tax Credit Act of 2003
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Never voted on. It didn't reach a floor vote before the 108th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
11 cosponsors · 6 D, 4 R, 1 I
4 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Rural Housing Tax Credit Act of 2003 - Amends the Internal Revenue Code to allow a credit (the lesser of ten percent of the purchase price or $5,000) for the purchase of a principal residence by a first-time rural homebuyer. Establishes credit limitations based upon: (1) adjusted gross income; and (2) tax.
What it does: CRS summary · Introduced in House · May 1, 2003
Provides for credit recapture in the event of: (1) certain sales; or (2) failure to use as a principal residence.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Rural Housing Tax Credit Act of 2003
Latest action (May 1, 2003): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: May 1, 2003
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.