The Senate passed a tax credit today of up to $15,000 for anyone who buys a house this year and plans to occupy it. The proposal was pushed by Republicans who favored targeted tax credits over no-strings rebates.
There is currently a $7,500 tax credit for home purchases, however, the money must be repaid.
The Senate measure, if it becomes law, would provide a credit of 10% of the home purchase price, up to a maximum credit of $15,000.
Real estate industry groups have backed such a credit as a way to spur demand for homes.
To read associated press article click here.
I am a Realtor servicing Colorado Springs and the Front Range. I would love to help you buy a home or sell your current home. Look around on my blog & then visit my website: Springs LifeStyles Real Estate
No comments:
Post a Comment