Senate committee reviewing possibility of continuing tax credit.
by Tina Stern
On June 10, 2009, Senator Johnny Isakson (R-GA) introduced the “Home Buyer Tax Credit Act of 2009″ (S. 1230), which would increase the current credit which expires on November 30th, 2009 to up to $15,000, remove income eligibility limits, and expand it to include homebuyers purchasing homes other than their first. S. 1230 has been referred to the Senate Finance Committee. This seems to be heating up and close to getting out of committee for a vote. If passed, it would probably remain in effect through the middle of 2010. Please contact your Congressmen and Senators and urge them to approve this bill if it comes up for a vote, it is a great buyer’s incentive which will further boost the housing market in our area. This new version of the bill would be open to everyone, not just first time purchasers!
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