U.S. House backs homebuyer tax credit extension
WASHINGTON, June 29 |
WASHINGTON, June 29 (Reuters) - The U.S. House of Representatives on Tuesday approved giving extra time to homebuyers trying to get a popular federal tax credit by the end of the month.
The House backed a measure to extend the closing deadline to Sept. 30 for buyers who met the April 30 deadline to have a signed contract. The current deadline requires those buyers to close the transaction by June 30 to receive the $8,000 tax credit for first-time homebuyers.
(Reporting by Corbett B. Daly, Editing by Diane Craft)
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Comments (2)
belacoz wrote:
This is great news! So what happens now? Is this credit good as of now, or does it still have to pass the Senate? What else remains to be done?
risingvoice wrote:
Yes, the Senate is expected to take it up this evening or first thing tomorrow (as per my Rep’s office in D.C.). Hope they don’t play around with it!
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