I 
111TH CONGRESS 
1ST SESSION H. R. 4032 
To amend the Internal Revenue Code of 1986 to extend the first-time home-
buyer tax credit and to eliminate the first-time homebuyer requirement 
and increase the adjusted gross income limitations with respect to such 
credit, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
NOVEMBER 5, 2009 
Mr. BRADY of Texas introduced the following bill; which was referred to the 
Committee on Ways and Means 
A BILL 
To amend the Internal Revenue Code of 1986 to extend 
the first-time homebuyer tax credit and to eliminate the 
first-time homebuyer requirement and increase the ad-
justed gross income limitations with respect to such cred-
it, 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. CREDIT FOR CERTAIN HOME PURCHASES. 
(a) ELIMINATION OF FIRST-TIME HOMEBUYER RE-
QUIREMENT.— 
(1) IN GENERAL.—Subsection (a) of section 36 
of the Internal Revenue Code of 1986 is amended by 
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striking ‘‘who is a first-time homebuyer of a prin-
cipal residence’’ and inserting ‘‘who purchases a 
principal residence’’. 
(2) CONFORMING AMENDMENTS.— 
(A) Subsection (c) of section 36 of such 
Code is amended by striking paragraph (1) and 
by redesignating paragraphs (2), (3), (4), and 
(5) as paragraphs (1), (2), (3), and (4), respec-
tively. 
(B) Section 36 of such Code is amended by 
striking ‘‘FIRST-TIME HOMEBUYER CREDIT’’ 
in the heading and inserting ‘‘HOME
PUR-
CHASE CREDIT’’. 
(C) Subparagraph (W) of section 26(b)(2) 
of such Code is amended by striking ‘‘home-
buyer credit’’ and inserting ‘‘home purchase 
credit’’. 
(3) CLERICAL AMENDMENT.—The table of sec-
tions for subpart C of part IV of subchapter A of 
chapter 1 of such Code is amended by striking the 
item relating to section 36 and inserting the fol-
lowing new item: 
‘‘Sec. 36. Home purchase credit.’’. 
(4) EFFECTIVE DATE.—The amendments made 
by this subsection shall apply to residences pur-
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chased on or after the date of the enactment of this 
Act. 
(b) EXTENSION.— 
(1) IN GENERAL.—Subsection (h) of section 36 
of such Code is amended by striking ‘‘December 1, 
2009’’ and inserting ‘‘December 1, 2010’’. 
(2) WAIVER
OF
RECAPTURE.—Subparagraph 
(D) of section 36(f)(4) of such Code is amended— 
(A) by striking ‘‘December 1, 2009’’ and 
inserting ‘‘December 1, 2010’’, and 
(B) by inserting ‘‘AND 2010’’ after ‘‘2009’’ 
in the heading thereof. 
(3) ELECTION TO TREAT PURCHASE IN PRIOR 
YEAR.—Subsection (g) of section 36 of such Code is 
amended— 
(A) by striking ‘‘December 1, 2009’’ and 
inserting ‘‘January 1, 2010’’, and 
(B) by adding at the end the following: ‘‘In 
the case of a purchase of a principal residence 
after December 31, 2009, and before December 
1, 2010, a taxpayer may elect to treat such 
purchase as made on December 31, 2009, for 
purposes of this section (other than subsections 
(c) and (f)(4)(D)).’’. 
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(4) EFFECTIVE DATE.—The amendments made 
by this subsection shall apply to residences pur-
chased after November 30, 2009. 
(c) MODIFICATION
OF
GROSS
INCOME
LIMITA-
TION.— 
(1) IN GENERAL.—Subsection (b) of section 36 
of such Code is amended— 
(A) by striking ‘‘$150,000’’ in paragraph 
(2)(A)(i)(II) and inserting ‘‘$300,000’’, and 
(B) by striking ‘‘$75,000’’ in such para-
graph (2)(A)(i)(II) and inserting ‘‘$150,000’’. 
(2) EFFECTIVE DATE.—The amendments made 
by this subsection shall apply to residences pur-
chased after the date of the enactment of this Act. 
(d) WAIVER OF RECAPTURE OF FIRST-TIME HOME-
BUYER CREDIT FOR INDIVIDUALS ON QUALIFIED OFFI-
CIAL EXTENDED DUTY.— 
(1) IN
GENERAL.—Paragraph (4) of section 
36(f) of the Internal Revenue Code of 1986 is 
amended by adding at the end the following new 
subparagraph: 
‘‘(E) SPECIAL
RULE
FOR
MEMBERS
OF 
THE ARMED FORCES, ETC.— 
‘‘(i) IN GENERAL.—In the case of the 
disposition of a principal residence by an 
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individual (or a cessation referred to in 
paragraph (2)) after December 31, 2008, 
in connection with Government orders re-
ceived by such individual, or such individ-
ual’s spouse, for qualified official extended 
duty service— 
‘‘(I) paragraph (2) and sub-
section (d)(2) shall not apply to such 
disposition (or cessation), and 
‘‘(II) if such residence was ac-
quired before January 1, 2009, para-
graph (1) shall not apply to the tax-
able year in which such disposition (or 
cessation) occurs or any subsequent 
taxable year. 
‘‘(ii) QUALIFIED OFFICIAL EXTENDED 
DUTY SERVICE.—For purposes of this sec-
tion, the term ‘qualified official extended 
duty service’ means service on qualified of-
ficial extended duty as— 
‘‘(I) a member of the uniformed 
services, 
‘‘(II) a member of the Foreign 
Service of the United States, or 
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‘‘(III) as an employee of the in-
telligence community. 
‘‘(iii) DEFINITIONS.—Any term used 
in this subparagraph which is also used in 
paragraph (9) of section 121(d) shall have 
the same meaning as when used in such 
paragraph.’’. 
(2) EFFECTIVE DATE.—The amendment made 
by this subsection shall apply to dispositions and 
cessations after December 31, 2008. 
Æ 
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