H.R.5720 - Housing Assistance Tax Act of 2008 Sponsor: Charles Rangel / 110th Congress

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Title
110th Congress - To amend the Internal Revenue Code of 1986 to provide assistance for housing.
Summary
To amend the Internal Revenue Code of 1986 to provide assistance for housing. (by MAPLight.org)
Status
The bill has passed through committee and has been put on a legislative calendar.

Contribution data provided by the Center for Responsive Politics (OpenSecrets.org)

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HR 5720 by Kaileigh McCrea, Apr 29, 2008 (4:47am)

There are many supporters of this bill, including credit organizations, home builders, and local government associations, who hope that it will be an effective stimulus for the housing market and make it easier for first-time home buyers to afford a house. This bill is much less controversial then the Senate housing bill, an even includes a measure that the Bush administration is fond of, in which stockbrokers are required to report sales of stock to the IRS which should bring in about $8 million.

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