Expanded First-Time Home Buyer Tax Credit Becomes Law
This is a discussion on Expanded First-Time Home Buyer Tax Credit Becomes Law within the Law News forum, part of the FORUM INFORMATION category; In the hopes of sustaining the real estate market's recent momentum, Uncle Sam has made more than two-thirds of current ...
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Nov 7th, 2009, 04:52 AM
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Expanded First-Time Home Buyer Tax Credit Becomes Law
In the hopes of sustaining the real estate market's recent momentum, Uncle Sam has made more than two-thirds of current homeowners and nearly all first-time buyers eligible for thousands of dollars in tax perks when they purchase a house. President Obama signed the Worker, Homeownership, and Business Assistance Act of 2009 into law Friday, a day after the House of Representatives approved it by a 403-to-12 vote. The legislation includes language that significantly expands the popular first-time home buyer tax credit that was enacted in February. The development represents a big victory for the real estate and home building industries, which had to overcome concerns about the measure's costs while rallying support for its enactment.
More... Expanded First-Time Home Buyer Tax Credit Becomes Law - The Home Front (usnews.com)
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