118th Congress · HOUSE BILLBILL

H.R. 1052 — Uplifting First-Time Homebuyers Act of 2023

“To amend the Internal Revenue Code of 1986 to increase the limitation on qualified first-time homebuyer distributions, and for other purposes.”

Taxation

Introduced Feb 14, 2023

Last action Feb 14, 2023

Pipeline · Bill → Law

Step 1

Introduced

Feb 14, 2023

Step 2

Referred

Feb 14, 2023

Ways & Means

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill increases from $10,000 to $30,000 the maximum distribution amount from a tax-exempt pension plan allowed for a first-time home purchase without incurring a penalty.

Provisions · 2 sectionsIntroduced in House

Timeline · 2 actions

Feb 14, 2023

Introduced in House

Feb 14, 2023

Referred to the House Committee on Ways and Means.