legislation: 99-s-2463
Data license: Public Domain (U.S. Government data) · Data source: Federal Register API & Regulations.gov API
This data as json
| bill_id | congress | bill_type | bill_number | title | policy_area | introduced_date | latest_action_date | latest_action_text | origin_chamber | sponsor_name | sponsor_state | sponsor_party | sponsor_bioguide_id | cosponsor_count | summary_text | update_date | url |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 99-s-2463 | 99 | s | 2463 | First-Time Homebuyer Opportunity Act of 1986 | Taxation | 1986-05-15 | 1986-05-15 | Read twice and referred to the Committee on Finance. | Senate | Sen. Riegle, Donald W., Jr. [D-MI] | MI | D | R000249 | 1 | First-Time Homebuyer Opportunity Act of 1986 - Amends the Internal Revenue Code to allow distributions from an individual retirement account or annuity to be used to purchase a home by a first-time homebuyer. Limits the amount of such a distribution to a $10,000 aggregate maximum. Defines a "first-time homebuyer" as any individual who has had no present ownership interest in a principal residence during the three-year period prior to the purchase of the principal residence for which individual retirement account distributions are used. | 2025-08-29T16:31:52Z |