I 
111TH CONGRESS 
1ST SESSION H. R. 2801 
To amend the Internal Revenue Code of 1986 to expand and extend the 
first-time homebuyer credit. 
IN THE HOUSE OF REPRESENTATIVES 
JUNE 10, 2009 
Mr. COBLE 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 expand 
and extend the first-time homebuyer credit. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Home Ownership 
Moves the Economy (HOME) Act of 2009’’. 
SEC. 2. MODIFICATION OF FIRST-TIME HOMEBUYER CRED-
IT. 
(a) EXPANSION OF CREDIT TO ALL HOMEBUYERS.— 
Subsection (a) of section 36 of the Internal Revenue Code 
of 1986 is amended by striking ‘‘who is a first-time home-
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buyer of a principal residence’’ and inserting ‘‘who pur-
chases a principal residence’’. 
(b) EXTENSION OF CREDIT.—Subsection (h) of sec-
tion 36 of such Code is amended by striking ‘‘December 
1, 2009’’ and inserting ‘‘January 1, 2011’’. 
(c) REPEAL OF LIMITATION BASED ON MODIFIED 
ADJUSTED GROSS INCOME.— 
(1) IN GENERAL.—Subsection (b) of section 36 
of such Code is amended by striking paragraph (2). 
(2) CONFORMING
AMENDMENTS.—Subsection 
(b) of such Code, as amended by paragraph (1), is 
amended— 
(A) by redesignating paragraph (1) as sub-
section (b), 
(B) in subsection (b), as so redesignated, 
by redesignating subparagraphs (A), (B), and 
(C) as paragraphs (1), (2), and (3), respec-
tively, and 
(C) in paragraph (2), as redesignated by 
subparagraph (B) of this paragraph, by striking 
‘‘subparagraph (A)’’ and inserting ‘‘paragraph 
(1)’’. 
(d) EXTENSION OF WAIVER OF RECAPTURE.—Sub-
paragraph (D) of section 36(f)(4) of such Code is amend-
ed— 
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(1) by striking ‘‘before December 1, 2009’’ and 
inserting ‘‘before January 1, 2011’’, and 
(2) in the heading by striking ‘‘FOR PURCHASES 
IN 2009’’. 
(e) CONFORMING AMENDMENTS.— 
(1) Subsection (c) of section 36 of such Code 
is amended by striking paragraph (1) and by redes-
ignating paragraphs (2), (3), (4), and (5) as para-
graphs (1), (2), (3), and (4), respectively. 
(2) Section 36 of such Code is amended by 
striking ‘‘FIRST-TIME HOMEBUYER CREDIT’’ in 
the heading and inserting ‘‘HOME
PURCHASE 
CREDIT’’. 
(3) The table of sections 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 following new item: 
‘‘Sec. 36. Home purchase credit.’’. 
(4) Subparagraph (W) of section 26(b)(2) of 
such Code is amended by striking ‘‘homebuyer cred-
it’’ and inserting ‘‘home purchase credit’’. 
(f) EFFECTIVE DATE.—The amendments made by 
this section shall take effect on the date of the enactment 
of this Act. 
Æ 
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