First-Time Homebuyers Assistance Act

Referred to the House Committee on Ways and Means.

Congressional Research Service

Official summary

Version 00 · Introduced in House · May 6, 1999

First-Time Homebuyers Assistance Act - Amends the Internal Revenue Act to permit the installment method to be used to report income from the sale of certain residential real property to a purchaser having no ownership interest in such a property during the prior three-year period. (Exempts such sale from specified dealer disposition provisions.)Applies certain pledge of installment obligation provisions to such sales.

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People & committees

Who introduced it

Rep. Goodling, William F. [R-PA-19] · R–PA

Committees

Ways and Means Committee

10 cosponsorship records, including any withdrawals

Legislative record

Actions

A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.

May 6, 1999
Referred to the House Committee on Ways and Means.
May 6, 1999
Sponsor introductory remarks on measure. (CR E897)
May 6, 1999
Introduced in House
May 6, 1999
Introduced in House

Primary sources

Bill text & related measures

Text links open the official source. We currently store references to these documents.

Introduced in House · May 6, 1999 Formatted Text PDF

Related bills identified by Congress.gov

No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.

Source last updated: Aug 20, 2025. Consult Congress.gov for the current record.

AI Conversation Starters

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Neutral evidence review

Objective

Analyze H.R.1730 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Discuss H.R.1730, 106th Congress: First-Time Homebuyers Assistance Act

Official record: https://www.congress.gov/bill/106th-congress/house-bill/1730

Text version to examine: Introduced in House · 1999-05-06.

Official full text: https://www.congress.gov/106/bills/hr1730/BILLS-106hr1730ih.htm

Imported record last updated by the source: 2025-08-20T14:20:02Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Analyze H.R.1730 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

Fairness and public impact

Progressive lens

Examine H.R.1730 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

View full prompt & sources

Discuss H.R.1730, 106th Congress: First-Time Homebuyers Assistance Act

Official record: https://www.congress.gov/bill/106th-congress/house-bill/1730

Text version to examine: Introduced in House · 1999-05-06.

Official full text: https://www.congress.gov/106/bills/hr1730/BILLS-106hr1730ih.htm

Imported record last updated by the source: 2025-08-20T14:20:02Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.1730 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

Institutions and government scope

Conservative lens

Examine H.R.1730 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

View full prompt & sources

Discuss H.R.1730, 106th Congress: First-Time Homebuyers Assistance Act

Official record: https://www.congress.gov/bill/106th-congress/house-bill/1730

Text version to examine: Introduced in House · 1999-05-06.

Official full text: https://www.congress.gov/106/bills/hr1730/BILLS-106hr1730ih.htm

Imported record last updated by the source: 2025-08-20T14:20:02Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.1730 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

Individual rights and government power

Liberty lens

Examine H.R.1730 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.

View full prompt & sources

Discuss H.R.1730, 106th Congress: First-Time Homebuyers Assistance Act

Official record: https://www.congress.gov/bill/106th-congress/house-bill/1730

Text version to examine: Introduced in House · 1999-05-06.

Official full text: https://www.congress.gov/106/bills/hr1730/BILLS-106hr1730ih.htm

Imported record last updated by the source: 2025-08-20T14:20:02Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.1730 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.