Senate could vote today to extend tax credit closing deadline 
Options include standalone bill, legislation tied to jobless benefits
By Matt Carter, Wednesday, June 30, 2010.
House lawmakers on Tuesday passed a standalone bill, HR 5623, that would extend today's deadline for closing on a home purchase to Sept. 30, and a spokeswoman for Sen. Harry Reid, D-Nev., said the Senate could consider approval of that extension "as early as today."
"Sen. Reid ... said this morning on the floor that we are working to reach an agreement with Republicans to pass the House-passed homebuyer tax credit closing date extension by unanimous consent as early as today," said Reid spokeswoman Regan Lachapelle, in an e-mail to Inman News.
Separate legislation to extend the deadline for closing on a home purchase to claim the federal homebuyer tax credit remains tied to Senate legislation (HR 4213) that would extend unemployment benefits, though that legislation will not likely come up for a vote until after the scheduled June 30 expiration of the tax credit's closing deadline.
more...
Premium Member account.
Premium Members have full access to all news archives & premium content.
Purchase Professional Membership for $199/year OR
Premium+ Membership for $149/year OR
News Membership for $69/year
All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.
