6-17 SENATE TAX BILL EXPANDS REFUNDABLE HOUSING TAX CREDIT :: The Construction Management Pro

6-17 SENATE TAX BILL EXPANDS REFUNDABLE HOUSING TAX CREDIT

Senate Finance Committee Chairman Max Baucus (D-Mont.) has offered a revised substitute for the House-passed tax extender bill (H.R. 4213) that would extend the 2009 low‑income housing tax credit exchange program and the 2010 refundable housing tax credit to Midwest and Hurricane Ike disaster area credits.

The Bill includes an amendment to the home buyer tax credit program extending the deadline for closing on home purchases from June 30 to September 30. Homes still must have been under contract by April 30.

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