Homebuyer Tax Credit Extension

The National Association of Realtors reported to its membership that early this week the Senate will be voting on 2 amendments that would extend the 1st time homebuyer tax credit. NAR is supporting the Dodd-Lieberman-Isakson amendment since it extends the credit to June 30, 2010 and expands the credit to all buyers (with income limits of $150,000/$300,000 for single/married taxpayers) not just 1st time homebuyers.

The 1st time homebuyer tax credit has given a boost to the Maine Real Estate market for both buyers and sellers. Extending this will help to continue this trend.

Please contact Senators Snowe and Collins and ask them to support the Dodd-Lieberman-Isakson amendment to extend the housing tax credit. You can send email directly from their sites, or get phone/fax info at: Sen. Snowe: http://snowe.senate.gov or Sen. Collins: http://collins.senate.gov.