Tax Administration

Tax Administration

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This is a print on demand edition of a hard to find publication. Congress enacted the First-Time Homebuyer Credit (FTHBC) to assist the struggling real estate market and encourage taxpayers to purchase their first homes. Congress enacted different versions of the FTHBC -- as part of the Housing and Econ. Recovery Act of 2008; the Amer. Recovery and Reinvest. Act of 2009; and the Worker, Homeownership, and Bus. Assistance Act of 2009. The three FTHBC provisions combined may result in total revenue losses to the fed. govAit. of about $22 billion through 2019. This report identifies: (1) the number of FTHBC claims and dollar amounts claimed for each credit version by state; and (2) state rankings, using selected statistics, such as the total dollar amount of FTHBC claimed in each state. Charts and tables.Usage and Selected Analyses of the First-Time Homebuyer Credit James R. White. Source: GAO analysis of IRS data. aa€œOthera€ consists of claims from the American Samoa, Guam, Puerto Rico, the Virgin Islands, and any claims not associatedanbsp;...

Title:Tax Administration
Author:James R. White
Publisher:DIANE Publishing - 2011-01


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