# 119-hr-4717: First-Time Homebuyer Tax Credit Act of 2025

119-hr-4717, First-Time Homebuyer Tax Credit Act of 2025, is a 119th Congress bill sponsored by Rep. Panetta, Jimmy [D-CA-19] (D-CA); status introduced; PRIA reads it as touching household money (as of 2026-10-07).

- Canonical: https://policyrisk.com/legislation/119-hr-4717
- As of: 2026-10-07
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-4717
- Congress: 119
- Title: First-Time Homebuyer Tax Credit Act of 2025
- Status: introduced
- Introduced: 2025-07-23
- Sponsor: Rep. Panetta, Jimmy [D-CA-19] (D-CA)
- Cosponsors: 38
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-10-07

## Summary

**Refundable tax credit for first-time homebuyers.** This bill would create a refundable federal income tax credit equal to 10% of a home's purchase price, capped at $15,000, for qualifying first-time buyers. - Families and first-time buyers: A refundable credit equal to 10% of the purchase price up to $15,000. The credit phases down based on modified adjusted gross income and local median purchase prices. - Lenders and buyers: A buyer could elect to transfer the credit to a registered mortgage lender in exchange for an upfront cash payment equal to the credit amount, subject to lender registration and disclosure requirements. - Tax filing and repayment rules: Claiming the credit requires attaching settlement documentation and can be flagged for age or income inconsistencies. If the home is sold or stops being the principal residence within four years, part of the credit can be recaptured at 25% per remaining year, with specified exceptions for death, involuntary conversions, transfers between spouses, and certain military or employment moves.

## Cosponsors (38)

- Rep. Sykes, Emilia Strong [D-OH-13] (D-OH), 2026-10-05T00:00:00.000Z
- Rep. Thompson, Mike [D-CA-4] (D-CA), 2025-07-23T00:00:00.000Z
- Del. Norton, Eleanor Holmes [D-DC-At Large] (D-DC), 2025-07-23T00:00:00.000Z
- Rep. Landsman, Greg [D-OH-1] (D-OH), 2025-07-23T00:00:00.000Z
- Rep. Thanedar, Shri [D-MI-13] (D-MI), 2025-07-23T00:00:00.000Z
- Rep. Bynum, Janelle S. [D-OR-5] (D-OR), 2025-07-23T00:00:00.000Z
- Rep. Sewell, Terri A. [D-AL-7] (D-AL), 2025-07-23T00:00:00.000Z
- Rep. Carter, Troy A. [D-LA-2] (D-LA), 2025-07-23T00:00:00.000Z
- Rep. Fields, Cleo [D-LA-6] (D-LA), 2025-07-23T00:00:00.000Z
- Rep. Krishnamoorthi, Raja [D-IL-8] (D-IL), 2025-07-23T00:00:00.000Z
- Rep. Craig, Angie [D-MN-2] (D-MN), 2025-07-23T00:00:00.000Z
- Rep. Tokuda, Jill N. [D-HI-2] (D-HI), 2025-07-23T00:00:00.000Z
- Rep. Soto, Darren [D-FL-9] (D-FL), 2025-07-23T00:00:00.000Z
- Rep. Suozzi, Thomas R. [D-NY-3] (D-NY), 2025-07-23T00:00:00.000Z
- Rep. Scholten, Hillary J. [D-MI-3] (D-MI), 2025-07-23T00:00:00.000Z
- Rep. McClain Delaney, April [D-MD-6] (D-MD), 2025-07-23T00:00:00.000Z
- Rep. Tran, Derek [D-CA-45] (D-CA), 2025-07-23T00:00:00.000Z
- Rep. Davis, Donald G. [D-NC-1] (D-NC), 2025-07-23T00:00:00.000Z
- Rep. Vindman, Eugene Simon [D-VA-7] (D-VA), 2025-07-23T00:00:00.000Z
- Rep. Brownley, Julia [D-CA-26] (D-CA), 2025-07-23T00:00:00.000Z
- Rep. Johnson, Julie [D-TX-32] (D-TX), 2025-07-23T00:00:00.000Z
- Rep. Jackson, Jonathan L. [D-IL-1] (D-IL), 2025-07-23T00:00:00.000Z
- Rep. Cohen, Steve [D-TN-9] (D-TN), 2025-07-23T00:00:00.000Z
- Rep. Davis, Danny K. [D-IL-7] (D-IL), 2025-07-23T00:00:00.000Z
- Rep. Figures, Shomari [D-AL-2] (D-AL), 2025-07-23T00:00:00.000Z
- Rep. Sorensen, Eric [D-IL-17] (D-IL), 2025-07-25T00:00:00.000Z
- Rep. Olszewski, Johnny [D-MD-2] (D-MD), 2025-07-25T00:00:00.000Z
- Rep. Salinas, Andrea [D-OR-6] (D-OR), 2025-07-25T00:00:00.000Z
- Rep. Davids, Sharice [D-KS-3] (D-KS), 2025-08-12T00:00:00.000Z
- Rep. Cisneros, Gilbert Ray [D-CA-31] (D-CA), 2025-09-02T00:00:00.000Z
- Rep. Pappas, Chris [D-NH-1] (D-NH), 2025-09-04T00:00:00.000Z
- Rep. Latimer, George [D-NY-16] (D-NY), 2025-09-11T00:00:00.000Z
- Rep. Levin, Mike [D-CA-49] (D-CA), 2025-09-15T00:00:00.000Z
- Rep. Magaziner, Seth [D-RI-2] (D-RI), 2025-11-04T00:00:00.000Z
- Rep. Menendez, Robert [D-NJ-8] (D-NJ), 2025-11-07T00:00:00.000Z
- Rep. Keating, William R. [D-MA-9] (D-MA), 2025-12-03T00:00:00.000Z
- Rep. Randall, Emily [D-WA-6] (D-WA), 2026-06-09T00:00:00.000Z
- Rep. Vasquez, Gabe [D-NM-2] (D-NM), 2026-08-27T00:00:00.000Z

## Provisions PRIA read

- Refundable credit up to $15,000 for first-time buyers: benefit, high. If enacted, first-time buyers could claim a refundable tax credit equal to 10% of the home price, up to $15,000 ($7,500 if married filing separately). Amounts would adjust for inflation after 2025. You must be at least 18, and neither you nor your spouse owned a home in the past 3 years or claimed…
- Use credit at closing through your lender: benefit, high. If enacted, you could choose to let your registered mortgage lender take the credit and pay you the same amount at or before closing, in cash or toward your down payment. You must make this choice by the purchase date, and the payment would not be taxable to you. Treasury could advance funds to reg…
- Credit reduced by income and home price: cost, high. If enacted, your credit would be cut when income is above 150% of the local Area Median Income. The cut phases in over the next 20% of that AMI. Your credit would also be cut when your purchase price is above 110% of the area’s median home price, phased in over the next 15% of that median. Both red…
- Pay back credit if you sell early: cost, high. If enacted, you could owe back part of the credit if you sell or move out within four years. The payback equals 25% of the credit times the number of years left in the four-year window. For sales to unrelated buyers, you would not pay back more than your gain. Some exceptions apply, like death, cer…
- Stronger paperwork and IRS checks for credit: cost, medium. If enacted, the credit would be denied for a year if you sell or stop using the home as your main home before year‑end, if someone else can claim you as a dependent, or if you do not attach the signed settlement statement. The IRS could require third‑party reports to verify eligibility. Claims coul…

## Related bills

- 119-hr-7973: Momnibus Act
- 119-hr-1262: Mikaela Naylon Give Kids a Chance Act
- 119-hr-17: Paycheck Fairness Act
- 119-hr-14: John R. Lewis Voting Rights Advancement Act of 2025
- 119-hr-2550: Protect America's Workforce Act
- 119-hjres-80: Establishing the ratification of the Equal Rights Amendment.

## Sources
- [119-hr-4717 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/4717)

## Related
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-1262: Mikaela Naylon Give Kids a Chance Act](https://policyrisk.com/legislation/119-hr-1262)
- [119-hr-17: Paycheck Fairness Act](https://policyrisk.com/legislation/119-hr-17)
- [119-hr-14: John R. Lewis Voting Rights Advancement Act of 2025](https://policyrisk.com/legislation/119-hr-14)
- [119-hr-2550: Protect America's Workforce Act](https://policyrisk.com/legislation/119-hr-2550)
- [119-hjres-80: Establishing the ratification of the Equal Rights Amendment.](https://policyrisk.com/legislation/119-hjres-80)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-4717 (as of 2026-10-07).