2009
Florida Real Estate – Senators Differ on Extending Homebuyer Tax Credit
Posted by Justin in Bradenton Florida Real Estate, Clearwater Florida Flat Fee MLS FSBO, Florida Flat Fee MLS FSBO, Florida MLS, Florida Real Estate, For Sale By Owner, Justin Shirley, Lake Placid Florida Flat Fee MLS FSBO, New Smyrna Beach Florida Flat Fee MLS FSBO, Sarasota Florida Flat Fee MLS FSBO, Sarasota Real Estate, Shirley International Realty Inc.
WASHINGTON (AP) – Oct. 27, 2009 – Top Democrats in the Senate are pressing a plan that would extend a popular tax credit for first-time homebuyers but gradually phase it out over the course of next year.
The proposal, by Majority Leader Harry Reid, D-Nev., and Senate Finance Committee Chairman Max Baucus, D-Mont., would extend the $8,000 tax credit – which expires Nov. 30 – through March 31. Its value would drop by $2,000 for each of the subsequent three quarters of 2010.
The plan, which could face a vote in the Senate this week, appears aimed at countering a far more generous $17 billion bipartisan plan that would extend the $8,000 credit through June 30, 2010, boost the income cap for eligibility and open the credit to all buyers, rather than first-timers.
Read the rest of this entry »






Recent Comments