Homebuyer Assistance and Improvement Act of 2010

by the 111th Congress of the United States

111^TH UNITED STATES CONGRESS
2^ND SESSION

An Act
To amend the Internal Revenue Code of 1986 to extend the homebuyer tax credit for the purchase of a principal residence before October 1, 2010, in the case of a written binding contract entered into with respect to such principal residence before May 1, 2010, and for other purposes.

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Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

Section 1. Short Title.

This Act may be cited as the “Homebuyer Assistance and Improvement Act of 2010”.

Sec. 2. Extension of homebuyer credit for certain purchases pursuant to binding contracts.

(a) In General.—Paragraph (2) of section 36(h) of the Internal Revenue Code of 1986 is amended by striking “paragraph (1) shall be applied by substituting ‘July 1, 2010’” and inserting “and who purchases such residence before October 1, 2010, paragraph (1) shall be applied by substituting ‘October 1, 2010’”.

(b) Conforming Amendment.—Subparagraph (B) of section 36(h)(3) of such Code is amended by inserting “, and for ‘October 1, 2010’” after “for ‘July 1, 2010’”.

(c) Effective Date.—The amendments made by this section shall apply to residences purchased after June 30, 2010.

Sec. 3. Application of bad checks penalty to electronic payments.

(a) In General.—Section 6657 of the Internal Revenue Code of 1986 is amended—

(1) by striking “If any check or money order in payment of any amount” and inserting “If any instrument in payment, by any commercially acceptable means, of any amount”, and

(2) by striking “such check” each place it appears and inserting “such instrument”.

(b) Effective Dates.—The amendments made by this section shall apply to instruments tendered after the date of the enactment of this Act.

Sec. 4. Disclosure of prisoner return information to State prisons.

(a) In General.—Subparagraph (A) of section 6103(k)(10) of the Internal Revenue Code of 1986 is amended—

(1) by inserting “and the head of any State agency charged with the responsibility for administration of prisons” after “the head of the Federal Bureau of Prisons”, and

(2) by striking “Federal prison” and inserting “Federal or State prison”.

(b) Restriction on Redisclosure.—Subparagraph (B) of section 6103(k)(10) of such Code is amended—

(1) by inserting “and the head of any State agency charged with the responsibility for administration of prisons” after “the head of the Federal Bureau of Prisons”, and

(2) by inserting “or agency” after “such Bureau”.

(c) Recordkeeping.—Paragraph (4) of section 6103(p) of such Code is amended by inserting “(k)(10),” before “(l)(6),” in the matter preceding subparagraph (A).

(d) Clerical Amendment.—The heading of paragraph (10) of section 6103(k) of such Code is amended by striking “of prisoners to federal bureau of prisons” and inserting “to certain prison officials”.

(e) Effective Date.—The amendments made by this section shall apply to disclosures made after the date of the enactment of this Act.

Sec. 5. Amendment of Travel Promotion Act of 2009.

(a) Travel Promotion Fund Fees.—Section 217(h)(3)(B) of the Immigration and Nationality Act (8 U.S.C. 1187(h)(3)(B)) is amended—

(1) by striking “subsection (d) of section 11 of the Travel Promotion Act of 2009.” in clause (ii) and inserting “subsection (d) of the Travel Promotion Act of 2009 (22 U.S.C. 2131(d)).”; and

(2) by striking “September 30, 2014.” in clause (iii) and inserting “September 30, 2015.”.

(b) Implementation Beginning in Fiscal Year 2011.—Subsection (d) of the Travel Promotion Act of 2009 (22 U.S.C. 2131(d)) is amended—

(1) by striking “For fiscal year 2010, the” in paragraph (2)(A) and inserting “The”;

(2) by striking “quarterly, beginning on January 1, 2010,” in paragraph (2)(A) and inserting “monthly, immediately following the collection of fees under section 217(h)(3)(B)(i)(I) of the Immigration and Nationality Act (8 U.S.C. 1187(h)(3)(B)(i)(I)),”;

(3) by striking “fiscal years 2011 through 2014,” in paragraph (2)(B) and inserting “fiscal years 2012 through 2015,”;

(4) by striking “fiscal year 2010,” in paragraph (3)(A) and inserting “fiscal year 2011,”;

(5) by striking “fiscal year 2011,” each place it appears in paragraph (3)(A) and inserting “fiscal year 2012,”; and

(6) by striking “fiscal year 2010, 2011, 2012, 2013, or 2014” in paragraph (4)(B) and inserting “fiscal year 2011, 2012, 2013, 2014, or 2015”.

Sec. 6. Paygo compliance.

The budgetary effects of this Act, for the purpose of complying with the Statutory Pay-As-You-Go Act of 2010, shall be determined by reference to the latest statement titled “Budgetary Effects of PAYGO Legislation” for this Act, submitted for printing in the Congressional Record by the Chairman of the House Budget Committee, provided that such statement has been submitted prior to the vote on passage.

Approved July 2, 2010

Legislative History

• H.R. 5623

• CONGRESSIONAL RECORD, Vol. 156 (2010):
  • June 29, considered and passed House.
  • June 30, considered and passed Senate.