Referred to the House Committee on Ways and Means.
Summary
The bill adds a refundable credit to the tax code that lets a homeowner who sells their primary residence to a first‑time buyer claim a credit equal to the buyer’s acquisition costs or the tax benefit from excluding the sale gain, whichever is lower. It targets homeowners who sell their main home and first‑time buyers who lack recent ownership. The credit is intended to make homeownership more affordable for new buyers.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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