Bill115th CongressFiled Jun 7, 2017Taxation
H.R. 2808
First Time Homeowner Savings Plan Act
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Jun 7, 2017)
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This bill amends the Internal Revenue Code to increase from $10,000 to $25,000 the maximum amount that may be withdrawn, without penalty, from a qualified retirement plan for purposes of assisting a first-time homebuyer in purchasing a principal residence.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.
What just happenedJun 7, 2017
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Maloney, Sean Patrick [D-NY-18](D-NY)Sponsor
1 cosponsor1 R
1cosponsors1committees3actions1related bills4subjects
- Introduced in HouseJun 7, 2017
- Jun 7, 2017IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Jun 7, 2017IntroReferralIntro-H
Introduced in House
- Jun 7, 2017IntroReferral1000
Introduced in House