US Congress Senate Bill 1728 (Prior Session Legislation)

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Spectrum: Moderate Partisan Bill (Democrat 5-1)
Status: Introduced on September 30 2009 - 25% progression, died in chamber
Action: 2009-09-30 - Read twice and referred to the Committee on Finance.
Text: Latest bill text (Introduced) [PDF]

Service Members Home Ownership Tax Act of 2009 - Amends the Internal Revenue Code to: (1) exempt members of the uniformed services, the Foreign Service, and employees of the intelligence community on official extended duty service from the recapture requirements of the first-time homebuyer tax credit; (2) extend the first-time homebuyer tax credit through November 30, 2010, for individuals serving on official extended duty service outside the United States for at least 90 days in 2009; (3) exclude from gross income payments to military personnel to compensate for declines in housing values due to a base closure or realignment; and (4) increase penalties for failure to file a partnership or S corporation tax return. Amends the Corporate Estimated Tax Shift Act of 2009 to increase corporate estimated tax payments in the third quarter of 2014 by an additional 0.5%.

Service Members Home Ownership Tax Act of 2009

Sen. Roland Burris [D-IL]	Sen. Richard Durbin [D-IL]	Sen. Chuck Grassley [R-IA]	Sen. John Kerry [D-MA]
Sen. Claire McCaskill [D-MO]	Sen. Jeff Merkley [D-OR]

Date	Chamber	Action
2009-09-30		Read twice and referred to the Committee on Finance.

HB3590 (Related) 2010-03-23 - Became Public Law No: 111-148.
HB3780 (Related) 2009-10-08 - Referred to the House Committee on Ways and Means.

Type	Source
Summary	https://www.congress.gov/bill/111th-congress/senate-bill/1728/all-info
Text	https://www.congress.gov/111/bills/s1728/BILLS-111s1728is.pdf