Our very own CEO, Tim Bundgard, made his television debut this afternoon on the It’s Your Business segment on Boise’s KTVB News Channel 7 with Carolyn Holly. Tim and Carolyn discussed a variety of topics from refinancing, foreclosures and real estate inventory. Check out the gallery below!
NEW YORK (CNNMoney.com) — The House of Representatives Tuesday voted to give first-time homebuyers three more months to close on their purchases and land an $8,000 federal income tax credit.
But the Senate had better act in the next 24 hours…the deadline is currently June 30.
The bill doesn’t help anyone currently shopping for a home. Buyers must have signed a contact by April 30 to qualify for the tax break. At issue is when the deal must be finalized.
The House voted 409 to 5 to delay the closing deadline to September 30 in a stand-alone measure. The move comes nearly a week after the Senate failed to advance a much larger jobs bill that contained the tax credit provision.
The smaller House bill would raise the deficit by $9 million over a decade.
An estimated 200,000 people may miss out on the tax credit because they won’t be able to close by close of business Wednesday. Many are trying to take advantage of short sales, which are complicated deals to complete.
The measure also seeks to reduce fraud associated with the credit. Some 1,300 prison inmates are thought to have claimed and received more than $9 million in tax credits, according to a Treasury Inspector General for Tax Administration report released earlier this month. The bill would allow the Internal Revenue Service to disclose tax return information to prison administrators.
Senate Democrats hope to address the measure this week, said an aide to the Senate Majority Leader.
In a related move, the House failed to pass a measure extending the deadline to file for unemployment benefits until Nov. 30. More than 1 million people are estimated to have exhausted this lifeline since the deadline expired earlier this month. The provision, which would raise the deficit by $34 billion, was also included in the Senate bill that failed to advance last Thursday.
The House is expected to take up the legislation again on Wednesday.
When you walk in March for Babies, you give hope to the more than half a million babies born too soon each year. The money you raise supports programs in your community that help moms have healthy, full-term pregnancies. And it funds research to find answers to the problems that threaten our babies. We’ve been walking since 1970 and have raised an incredible $1.8 billion to benefit all babies.*
We had a pretty healthy turnout for 2009’s March for Babies event last year, while raising just shy of $4,000! We’re excited to be going into our 7th year (in just over a week) in helping the March of Dimes raise money and awareness. We’ll be Marching for Babies on Saturday, April 24 and we hope you’ll join us by registering today! There is no fee to join, and you’ll get your own webpage to invite your friends and family to sponsor your participation. Time is running out…register today!
We’ll meet sharply for the 8am registration at Julia Davis Park; the walk begins at 9am.
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*Source: MarchforBabies.org/why.aspx