House Passes Military Housing Tax Credit Extension
Author: New Jersey Association of REALTORS
Written On: Thu, 01 Oct 2009
On October 8, 2009, the United States House of Representatives unanimously passed H.R. 3590, the Service Members Homeownership Tax Act of 2009. This bill extends the $8,000 first-time home buyer tax credit for one year to members of the military serving overseas at least 90 days in 2009 . H.R. 3590 must also be approved by the U.S. Senate before it can be sent to President Obama to be signed into law.
In addition, on October 9, 2009, Congressman John Adler (D-3), a member of the House Financial Services Committee, held a press conference at the Burlington Camden County Association of REALTORS® with NJAR® 2009 President Diane Dilzell to express support for extending the first-time home buyer tax credit set to expire on November 30, 2009. For photos from the press conference, visit NJAR®'s federal issues webpage. For more information on the press conference and comment from Diane Dilzell, visit the NJAR® In the News webpage.
