First-Time Homebuyer Tax Credit Act of 2025

Hozzl · 2025-08-20T00:36:49Z

Explore the details of Senate Bill 2402 First-Time Homebuyer Tax Credit Act of 2025 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

8/20/2025, 12:36 AM

Summary of Bill S 2402

The bill "A bill to amend the Internal Revenue Code of 1986 to provide for a first-time homebuyer credit, and for other purposes," designated as S. 2402 in the 119th Congress and introduced on July 23, 2025, aims to modify the Internal Revenue Code to establish a first-time homebuyer credit alongside addressing additional objectives not specified in the provided context.

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Current Status of Bill S 2402

Bill S 2402 is currently in the status of Bill Introduced since July 23, 2025. Bill S 2402 was introduced during Congress 119 and was introduced to the Senate on July 23, 2025. Bill S 2402's most recent activity was Read twice and referred to the Committee on Finance. as of July 23, 2025

Bipartisan Support of Bill S 2402

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 2402

Primary Policy Focus

Taxation

Alternate Title(s) of Bill S 2402

A bill to amend the Internal Revenue Code of 1986 to provide for a first-time homebuyer credit, and for other purposes.

Comments

Wrenlee Singleton

30,913

5 months ago

I dunno bout this new bill, but it might help me buy a house so that's cool I guess. #confused #taxes #homebuying

Jalen Ford

31,110

5 months ago

I think this bill is a step in the right direction for helping first-time homebuyers. It could really make a difference for people like me who are looking to purchase a home. I'm not entirely sure about all the details, but I believe it could have a positive impact.