Update 7/1/10: They waited until the very last minute, but last night the Senate passed the stand alone bill from the House of Representatives that would extend the closing date to claim the first time home buyer tax credit from June 30th until September 30th. The measure passed the Senate unanimously and President Obama is expected to sign the bill into law today.
Update 6/30/10 11:57am: I am still unsure when (if) the Senate is going to consider this motion today. I have been watching CSPAN2 this morning and so far they have discussed the passing of Sen. Robert Byrd at length, and now they are discussing the Gen. Petraeus nomination. Take it with a grain of salt because I have received misinformation in the past, but I spoke to a staffer at Sen. Lieberman’s office and he was unsure when or if the Senate would consider the House bill. He did tell me that the Senate is going into recess sometime this afternoon until after the July 4th holiday. If I learn more I will post it here.
Good news: the House passed a measure to extend the closing date for the first time home buyer tax credit until September 30th today. The measure passed 409-5.
The bill will move on to the Senate, where it will probably pass, based upon the fact the Reid Amendment that would’ve accomplished the same thing easily passed earlier in the month, although the bill it was attached to was ultimately defeated.
In case you were curious, the five who voted against the bill were: Representative John Campbell (R-CA), Rep. Jeff Flake (R-AZ), Rep. Jeb Hensarling (R-TX), Rep. Tom McClintock (R-CA), and Rep. John Linder (R-GA).
I promise to post more on this tomorrow as I discover more details.
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Kevin Campbell
June 29, 2010 @ 2:42 pm
Just spoke with my Rep’s office in D.C. (Dr. Charles Boustany, R-LA) after calling them earlier to encourage his vote for this extension, and they told me the Senate was going try to take it up this evening so that it could be passed by tomorrow. Here’s to hoping that will be the case!
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Jeff Kline
June 30, 2010 @ 9:47 am
I just wanted to say “thank you” for keeping your blog current on this legislation. I’m one of those people who entered into a new contract before April 30th. However, for reasons outside of our control, we won’t be able to close until mid-July. We’re building a house, so weather was a factor. In addition, we had issues finishing the closing on our old house due to financial issues with our buyer.
This $6,500 will go a long way towards recovering some of what we lost by selling our old house at such a low price.
Thanks again for your efforts. I have yet to find another site on the web with as current of information that you have provided. It is appreciated!
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Erica Hayes
July 1, 2010 @ 12:23 pm
I agree with Mr. Kline, no other site has been so up to date on this issue. I bookmarked it last night! My husband and I also were scheduled to close on June 30th and for reasons will not be able to for about another week. I was relieved to read this morning that the Senate passed the bill last night….better late than never! Thank you Thank you!
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