Could The Tax Break Be Extended and Expanded?

Posted on October 21st, 2009 in All Articles, Financing.

Update on the tax Break — it looks like there’s a breakthrough that occurred this week… according to DS news.

The industry’s petition seems to have fallen on sympathetic ears in the Senate. A long-time proponent of bumping up the amount of the tax credit to $15,000, Sen. Johnny Isakson (R-Georgia) says he has reached a compromise with Senate Banking Committee Chairman Christopher Dodd (D-Connecticut), which would keep the amount of the credit at $8,000 but expand it to include more borrowers, the _Atlanta Journal-Constitution reported Tuesday.