Senate Votes to Extend and Expand Tax Credit

by Coldwell Banker Evergreen Olympic Realty, Inc. on November 5, 2009

The Senate unanimously voted today to extend the $8,000 first-time home buyer tax credit. The measure, which passed by a 98-0 vote, also expands the coverage to certain repeat buyers — those that have owned a home for five consecutive years out of the past eight years.

The House of Representatives will act on the measure tomorrow. We will provide the details when the credit is signed into law, which could happen as early as Friday. In the meantime, check our posts from earlier this week and last for more information on the credit.

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