Housing Tax Credit - Bigger and Better! ADDED:  $6500 Tax Credit for Current Homeowners!
FEATURE	Jan 1 - Nov 30, 2009 Rules as enacted Feb 2009	Nov 7 - Apr 30, 2010 Rules as enacted Nov 2009
First-time Buyer Amount of Credit	$8,000 ($4,000 married filing separate)	$8,000 ($4,000 married filing separate)
First-time Buyer Definition of Eligibility	May not have had an interest in a principal residence for 3 years prior to purchase	same
Current Homeowner Amount of Credit	No Provision	$6,500 ($3,250 married filing separate)
Effective Date Current Owner	No Provision	Nov 7, 2009
Current Homeowner Definition for Eligibility	No Provision	Must have used the home sold or being sold as a principal residence consecutively for 5 of the previous 8 years
Termination of Credit	Purchases after Nov 30, 2009 (Becomes Apr 30, 2010 on Date of Enactment)	Purchases after Apr 30, 2010
Binding Contract Rule	None	So long as a written binding contract to purchase is in effect on Apr. 30, 2010, the purchaser will have until Jul. 1, 2010 to close.
Income Limits (Note: Increased income limits are effective as of date of enactment of bill)	$75,000 - single $150,000 married Additional $20,000 phase out	$125,000 - single $225,000 married Additional $20,000 phase out
Limitation on Cost of Purchased Home	None	$800,000 Nov. 7, 2009
Purchase by a Dependent	No Provision	Ineligible Nov. 7, 2009
Anti-fraud Rule	None	Purchaser must attach documentation of purchase to tax return