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HR 1052 United States House · 118th Congress

Uplifting First-Time Homebuyers Act of 2023

Summary
Uplifting First-Time Homebuyers Act of 2023 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.
Issues: ✓ Budget & TaxesSupports Budget & TaxesIncreases tax-exempt distribution limit for first-time homebuyers, providing tax relief to middle-income buyers without penalty.95% confidence ✓ HousingSupports HousingIncreases tax-exempt funds for first-time homebuyers, directly supporting affordable housing access by reducing financial barriers to homeownership.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2023
Committee Review
Floor Vote
President
Introduced Feb 14, 2023 Last action Feb 14, 2023
Floor votes

How they voted

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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
Feb 14, 2023
Committee
Referred to the House Committee on Ways and Means.
lower
Feb 14, 2023
Introduced
Introduced in House
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Beth Van Duyne
Beth Van Duyne
RRepublican
TX
24