Good news! The extension has passed 2 votes by a huge margin and will now face a final vote- late Thursday Nov 5th. Then- it's on its way to the House and the President's desk.
This extension appears to be an expanded version of the first credit. The proposal will provide the $8,000 tax credit for first-time home buyers and up to $6500 for move-up buyers who have been in their current principal residence at least 5 years. Incomes should be adjusted as well increasing to $125,000 for an individual and $225,000 for couples filing jointly.
This would be great news for the home construction industry as it begins to recover. As we have come to know- HOUSING equals JOBS!! and the country could sure use more of those.
Contact your Senator to voice your support of the Tax Credit Extension- by Nancy Lisabeth, Grand Bay Builders ph. 231 995 9057
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