US Senate may extend homebuyers tax credit deadline to September 30

US Senate pushes to extend homebuyers tax credit deadline to September 30 

(6/17/10) On Wednesday, June 16, 2010, the US Senate voted to include a measure in the Federal jobs and tax extenders bill that would push back the deadline to close on home purchases and still qualify for a federal tax credit of up to $8,000. Homebuyers would have until September 30, instead of June 30, to complete the transaction. The provision would cost taxpayers $140 million over 10 years. The Federal jobs and tax extenders bill is controversial and contains a laundry list of unrelated provisions. The bill — with the home buyer’s tax credit intact – would still need to pass the House and be signed by the President before the homebuyers tax credit could be extended. Lawmakers are not scheduled to vote on the bill until next week at the earliest.  Read more 

Advertisements
%d bloggers like this: