HR4717Referred to Committee

First-Time Homebuyer Tax Credit Act of 2025

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2025-07-23
Introduced
35
Cosponsors
HR
ⓘ
Type

Sponsor

Jimmy Panetta
Jimmy Panetta
Democrat · CA · Representative
Votes with party: 93.9% (559 recorded votes)

Full profile: /officials/P000613

Source: Congress.gov · FEC

Cosponsors (35)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Referred to the House Committee on Ways and Means.

2025-07-23

Source: Congress.gov

Plain-English Summary

This bill would create a tax credit to help first-time homebuyers reduce the federal taxes they owe, making it easier for people buying their first home to afford the purchase. The credit would apply to individuals and families meeting certain income and home price requirements, potentially saving them thousands of dollars when they file their taxes. The proposal aims to address housing affordability challenges by putting money back in the pockets of new homeowners.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Affected Industries

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Subjects

Taxation
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Related legislation

Bills by the same sponsor or covering overlapping subjects.