U.S. House Backs Homebuyer Tax Credit Extension
Tuesday, June 29, 2010
Tue Jun 29, 2010 3:52pm EDT
WASHINGTON June 29 (Reuters) - The U.S. House of Representatives on Tuesday approved giving extra time to homebuyers trying to get a popular federal tax credit by the end of the month.
The House backed a measure to extend the closing deadline to Sept. 30 for buyers who met the April 30 deadline to have a signed contract. The current deadline requires those buyers to close the transaction by June 30 to receive the $8,000 tax credit for first-time homebuyers.
Source: Reuters.com