Introduced:
Sep 18, 2025
Congress.gov:
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2
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1
Cosponsors
0
Summaries
0
Subjects
1
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Latest Action
Sep 18, 2025
Read twice and referred to the Committee on Finance.
Actions (2)
Read twice and referred to the Committee on Finance.
Type: IntroReferral
| Source: Senate
Sep 18, 2025
Introduced in Senate
Type: IntroReferral
| Source: Library of Congress
| Code: 10000
Sep 18, 2025
Cosponsors (1)
(R-IN)
Sep 18, 2025
Sep 18, 2025
Full Bill Text
Length: 1,465 characters
Version: Introduced in Senate
Version Date: Sep 18, 2025
Last Updated: Nov 14, 2025 6:11 AM
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 2867 Introduced in Senate
(IS) ]
<DOC>
119th CONGRESS
1st Session
S. 2867
To amend the Internal Revenue Code of 1986 to increase the limitation
on qualified first-time homebuyer distributions, and for other
purposes.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
September 18 (legislative day, September 16), 2025
Mr. Gallego (for himself and Mr. Young) introduced the following bill;
which was read twice and referred to the Committee on Finance
_______________________________________________________________________
A BILL
To amend the Internal Revenue Code of 1986 to increase the limitation
on qualified first-time homebuyer distributions, and for other
purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
[From the U.S. Government Publishing Office]
[S. 2867 Introduced in Senate
(IS) ]
<DOC>
119th CONGRESS
1st Session
S. 2867
To amend the Internal Revenue Code of 1986 to increase the limitation
on qualified first-time homebuyer distributions, and for other
purposes.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
September 18 (legislative day, September 16), 2025
Mr. Gallego (for himself and Mr. Young) introduced the following bill;
which was read twice and referred to the Committee on Finance
_______________________________________________________________________
A BILL
To amend the Internal Revenue Code of 1986 to increase the limitation
on qualified first-time homebuyer distributions, and for other
purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1.
This Act may be cited as the ``Uplifting First-Time Homebuyers Act
of 2025''.
SEC. 2.
DISTRIBUTIONS.
(a) In General.--
(a) In General.--
Section 72
(t)
(8)
(B)
(i) of the Internal Revenue
Code of 1986 is amended by striking ``$10,000'' and inserting
``$50,000''.
(t)
(8)
(B)
(i) of the Internal Revenue
Code of 1986 is amended by striking ``$10,000'' and inserting
``$50,000''.
(b) Effective Date.--The amendment made by this Act shall apply to
taxable years beginning after December 31, 2024.
<all>