Tuesday, November 03, 2009

Congress Votes for Housing Tax Credit

by Calculated Risk on 11/03/2009 11:56:00 PM

From the NY Times: Congress Agrees to Keep Homebuyers’ Tax Credit

The Senate and House are poised to agree on a compromise measure to extend unemployment benefits that also would expand a [un]popular $8,000 tax credit for homebuyers ...
The bill also extends the net-operating-loss carryback period for firms from two years to five years (to help homebuilders).
The Senate might pass its version as early as Wednesday, and aides to Congressional leaders say the House could accept it this week, sending the bill to President Obama to sign into law.
Oh well ...