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