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Despite what you may have heard or read in news reports this morning, there has been no vote in Congress on the proposal to extend and/or expand the Homebuyers Tax Credit past its current Nov. 30, 2009 deadline.
We need your help to keep pressure on Kansas legislators to make the NAR proposal into reality. Click here to respond to the Call For Action.
Here's the latest:
Senate leaders of both parties, key Senate Finance Committee members, and Homebuyers Tax Credit sponsors Dodd-Lieberman-Isakson have agreed on extending and expanding the housing tax credit.
However, there is no agreement on how to attach this tax credit to the pending Unemployment Insurance bill, or whether to offer the tax credit agreement on another bill, or whether to bring the agreement to the Senate floor and vote upon it as a separate, stand alone bill.
And after Senate action, the tax credit must go to the House of Representatives for action.
REALTORS® should keep responding to our Call For Action by calling and writing their members of congress to support the tax credit extension.
Click here to ask your legislator to support extending the Homebuyer Tax Credit.
NAR & KAR will continue to update you as developments warrant.
