I 
111TH CONGRESS 
1ST SESSION H. R. 3761 
To amend the Internal Revenue Code of 1986 to extend the first-time 
homebuyer tax credit, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
OCTOBER 8, 2009 
Mrs. BIGGERT (for herself, Mr. ROGERS of Michigan, Mr. HARPER, Mr. PAUL, 
Mr. LANCE, Mr. LEE of New York, Mr. THOMPSON of Pennsylvania, 
Mrs. BLACKBURN, Mr. JONES, Mrs. BONO MACK, Mr. KING of New 
York, Mr. GARY G. MILLER of California, and Mr. DUNCAN) introduced 
the following bill; which was referred to the Committee on Ways and 
Means, and in addition to the Committee on Appropriations, for a period 
to be subsequently determined by the Speaker, in each case for consider-
ation of such provisions as fall within the jurisdiction of the committee 
concerned 
A BILL 
To amend the Internal Revenue Code of 1986 to extend 
the first-time homebuyer tax credit, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. EXTENSION OF FIRST-TIME HOMEBUYER TAX 
CREDIT. 
(a) IN GENERAL.—Subsection (h) of section 36 of the 
Internal Revenue Code of 1986 is amended by striking 
‘‘December 1, 2009’’ and inserting ‘‘June 1, 2010’’. 
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(b) ELECTION TO TREAT PURCHASE
IN PRIOR 
YEAR.—Subsection (g) of section 36 of such Code is 
amended— 
(1) by striking ‘‘December 1, 2009’’ and insert-
ing ‘‘January 1, 2010’’, and 
(2) by adding at the end the following: ‘‘In the 
case of a purchase of a principal residence after De-
cember 31, 2009, and before June 1, 2010, a tax-
payer may elect to treat such purchase as made on 
December 31, 2009, for purposes of this section 
(other than the preceding sentence and subsections 
(c) and (f)(4)(D)).’’. 
(c) EXTENSION OF WAIVER OF RECAPTURE.—Sub-
paragraph (D) of section 36(f)(4) of such Code is amend-
ed— 
(1) by striking ‘‘December 1, 2009’’ and insert-
ing ‘‘June 1, 2010’’, and 
(2) by striking ‘‘IN 2009’’ in the heading and in-
serting ‘‘AFTER 2008’’. 
(d) EFFECTIVE DATE.—The amendments made by 
this section shall apply to residences purchased after No-
vember 30, 2009. 
SEC. 2. RESCISSION OF ARRA APPROPRIATIONS. 
(a) IN GENERAL.—Effective on the date of the enact-
ment of this Act, of the discretionary appropriations made 
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available by division A of the American Recovery and Re-
investment Act of 2009 (Public Law 111–5), the applica-
ble percentage of unobligated balances are rescinded. 
(b) APPLICABLE PERCENTAGE.—For purposes of 
this section, the term ‘‘applicable percentage’’ means the 
percentage that the Secretary of the Treasury estimates 
will result in an increase in revenue to the Treasury equal 
to the decrease in revenue by reason of the amendments 
made by section 1 of this Act. 
Æ 
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