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 M¢25  Funded By Mahalo ? |  November 05, 2009 03:24 AM

Does the US Senate's homebuyer tax credit expansion to non-first-time buyers have to get passed by the House and President?

The US Senate just passed a bill to extend the time for the first-time homebuyer tax credit and also to expand the coverage beyond first-time homebuyers. Is this a done deal now or does it have to go through like a law with House of Representatives also passing and President signing?
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November 08, 2009 07:56 AM
Hi, mb. The version of the unemployment extension bill that contains the extension of the tax credit for homebuyers had already passed the House (earlier in the week). It was signed by the President on Friday, according to thomas.gov*.

Though the signing was overshadowed by the Ft. Hood tragedy AND by discussion of the unemployment rate, the White House did post this picture of the President signing the bill. (It did not mention the tax credit extension in either the accompanying article or during the press briefing.

*From the status page on thomas.gov: H.R.3548
Title: To amend the Supplemental Appropriations Act, 2008 to provide for the temporary availability of certain additional emergency unemployment compensation, and for other purposes.
Sponsor: Rep McDermott, Jim WA-7 (introduced 9/10/2009) Cosponsors (49)
Related Bills: H.R.3404, S.1647
Latest Major Action: 11/6/2009 Signed by President.
Source(s):
http://www.whitehouse.gov/blog/2009/11/06/secretary-solis-combating-unemplo...



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