US HB3382 | 2009-2010 | 111th Congress

Status

Spectrum: Bipartisan Bill
Status: Introduced on July 29 2009 - 25% progression, died in committee
Action: 2009-07-29 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Home Improvements Revitalize the Economy Act of 2009 or the HIRE Act of 2009 - Amends the Internal Revenue Code to allow: (1) an income-based tax deduction (up to $2,000) for the purchase of residential building products and furnishings (up to $4,000 for products and furnishings that meet specified environmental standards); (2) a tax credit for 20% (up to $500) of the purchase price of residential building products and furnishings; and (3) a general business tax credit for the purchase of residential building products and furnishings for resale to customers. Terminates such deduction and credits after 2011.

Tracking Information

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Title

HIRE Act of 2009

Sponsors


History

DateChamberAction
2009-07-29 Referred to the House Committee on Ways and Means.

Subjects


US Congress State Sources


Bill Comments

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