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H.R. 5078

First Time Homeowner Savings Plan Act

First Time Homeowner Savings Plan Act

This bill increases from $10,000 to $25,000 the aggregate amount a taxpayer may withdraw, without penalty, from a tax-exempt retirement plan as a first-time homebuyer distribution.

Referred to the House Committee on Ways and Means.

Rep. Maloney, Sean Patrick [D-NY-18](D-NY)Sponsor
4 cosponsors4 D
4cosponsors1committees3actions
  1. IntroReferralH11100

    Referred to the House Committee on Ways and Means.

    Ways and Means Committee
  2. IntroReferralIntro-H

    Introduced in House

  3. IntroReferral1000

    Introduced in House

First Time Homeowner Savings Plan Act — Informed