House OKs Extension of Tax Credit Deadline

Senate extends home buyer tax credit closing deadline An extension on deadline for closing on homes with federal credits up to $8,000 has been extended to Sept. 30. (June 28, 2010) Photo Credit: AP

Senate panel OKs extension for home buyers’ credit by Alan J. Heavens, INQUIRER REAL ESTATE WRITER , Posted: October 28, 2009 Senators reached a compromise today to extend the $8,000 tax credit for first-time home buyers, a boost the housing industry expects will help it pull out of its two-year-old downturn.

Lawmakers "made us promise practically in blood that we would not come back" for another extension. So lawmakers extended the deadline for first-timers and added a "long-term resident" tax credit.

 · The Texas Senate voted Tuesday to extend a tax abatement program that has contributed to the growth of wind energy in the state.Cutting the renewable energy industry out of.

According to the sources close to the 11th-hour negotiations, the deal would include a one-year extension for a tax credit. The House and Senate still need to approve any deal that emerges on.

Senate OKs new tax credit closing deadline The Senate has amended a bill to give homebuyers who were under contract on a home purchase by April 30 an additional three months to close the deal and claim the federal homebuyer tax credit.

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If you are not filing an income tax return, mail this completed and signed form to: Oklahoma Tax Commission, Post Office Box 26800, Oklahoma City, OK 73126-0800. An amended return cannot be filed to claim this credit after the due date. The claim must be.

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It would then go to the House, where lawmakers might have different ideas. the committee also approved an extension of the Earned Income Tax Credit – a boost for low-income workers – to young.

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These households had home purchase contracts pending as of April 30 and had until June 30 to close on their purchases to claim the federal tax credit. Under the legislation that passed last night, these households now have until September 30 to close.

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