Homebuyers get big new tax break
Congress expands the homebuyer tax credit to up to 6500 for repeat buyers and 8000 for first timers, with purchase agreements by May 1 and closings by July 1. The measure, expanding an existing credit and extending unemployment provisions, moves to the president for signature amid hopes of stabilizing housing markets and boosting demand.
MENTIONED IN THIS ARTICLE
Stephen Ohlemacher
Associated Press
Washington
Congress
House
Barack Obama
Patti Ketcham
Tallahassee
Fla
Golly
Ketcham
Senate expands homebuyer tax credit amid broader relief bill
The Senate backed extending the homebuyer tax credit and unemployment benefits. The 10 percent credit up to 8000 for first timers and 6500 for repeat buyers applies to purchases signed by April 30 2010 and closings by June 30. Income limits vary with full and reduced credits. Military extensions apply. Taxpayers may claim on returns or receive payments. Cost 10.8 billion.
MENTIONED IN THIS ARTICLE
Senate
House
U.S
Congress extends jobless benefits to record levels
Congress approved extending unemployment benefits for almost two million out of work and set the program to cover up to 99 weeks. The 14 week extension targets those whose federal aid expires by year end, with an extra six weeks for states above 8.5 percent unemployment. The bill includes tax credits for home buyers and business tax refunds, and expects to stimulate local spending as unemployment remains high at about 9.8 percent.
MENTIONED IN THIS ARTICLE
Lawrence Yun
National Association of Realtors
Washington
Congress
U.S
White House
Barack Obama
House
Nancy Pelosi
Senate
Kansas
National Employment Law Project
Steny Hoyer
D-Md
Obama
Kevin Brady
Texas
Jim McDermott
D-Wash
Also Mentioned on This Page
Ted
Gayer
Brookings Institution
Susan Marvin
Marvin Windows and Doors
Warroad
Minn
Shelby
Ohio
Tony Dejak
Joint Committee On Taxation
By Jim Abrams
Ljworld.com
Massachusetts
Sanita
Patchenelectric.com
Marc Kissinger
Advanced Health Center
W. 6Th Street
Nassage
6Th Street
Waxmancandles
Lawrence Memorial Hospital
Maine Street
Lawrence
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!