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First-Time Homebuyer Tax Credit Act of 2025

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
8
Democrat Sponsors
8
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
25
Democrat Cosponsors
25
Republican Cosponsors
0
Unaffiliated Cosponsors
0

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

Comments

Sponsors and Cosponsors of S 2402

Sheldon Whitehouse
Sheldon Whitehouse
Rhode IslandDemocrat
Peter Welch
Peter Welch
VermontDemocrat
Chris Van Hollen
Chris Van Hollen
MarylandDemocrat
Tina Smith
Tina Smith
MinnesotaDemocrat
Jacky Rosen
Jacky Rosen
NevadaDemocrat
Jack Reed
Jack Reed
Rhode IslandDemocrat

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