BrokerageIndustry News

House OKs extension of tax credit closing deadline

Senate could vote Wednesday
Published on Jun 29, 2010

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by CareyBot

In a 409-5 vote, House lawmakers have passed a standalone bill that would extend for three months Wednesday's deadline for closing on a home purchase in order to claim the federal homebuyer tax credit.

The Senate could vote on the bill, HR 5623, as soon as tomorrow, although the death of Sen. Robert Byrd, D-W.Va., has slowed the pace of work in that chamber.

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