UPDATE -House Approved, Senate May Pass Homebuyer Tax Credit Extension Today

NOTICE: Today, November 6th, President Obama signed the Extension, expanded the Eligibilty requirements, Income limits and included NON first time Homebuyers up to $800,000.

--------------

House Approved on Tuesday Nov 3rd and Senate May Pass Homebuyer Tax Credit Extension Today (Update2)

It appears the House and the Senate may approve the extension of the tax credit today. They must have a home under contract by April 30th and it must close by June 30th. It remained at $8000 for first time home buyers. They also included a $6,500 tax credit for non first time home buyers.

It is a $45 billion plan to expand a tax credit for first- time homebuyers, extend jobless benefits and provide tax refunds to money-losing companies.

The Senate voted 97-1 to end debate on the measure and clear the way for final approval. The Senate is likely to pass the legislation and send it to the House, where Democratic leaders predicted it would be quickly forwarded to President Barack Obama to be signed into law.

I'll keep you posted.

Here are links to 2 recent reports:

House Approved: http://www.upi.com/Top_News/US/2009/11/03/House-OKs-homebuyer-tax-credit-extension/UPI-47461257303761/

AND:

Senate May Pass: http://bit.ly/2keoYs

Please contact me to find your next home. Use my free MLS home search "Portal." I would love to help you find your North Idaho Dream!

Your North Idaho Real Estate Pro:

Pam Jank, Realtor, ABR, GRI, CRS, RSPS, PPS
Previews Property Specialist
Web: Coeur d'Alene Idaho Homes for Sale
email to:pamjank@hotmail.com
Phone: 208-661-2282
Fax: 208-772-628 Toll Free: 800-829-2555 EXT.1275
COLDWELL BANKER SCHNEIDMILLER REALTY
435 W. Hanley Avenue
Coeur d'Alene, ID 838315