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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.

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.

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