(Washington,
D.C.) – Today, U.S. Senator Patty Murray voted to allow families in Washington
state and across the country more time to qualify for the successful homebuyer
tax credit. The amendment to the American Jobs and Closing Tax Loopholes Act
extends the deadline to qualify for the $8,000 first-time homebuyer credit from
June 30, 2010 to September 30, 2010. This amendment pays for itself by closing
a corporate tax loophole that had allowed corporations to deduct punitive
damages. The amendment passed 60-37.
“Extending
the homebuyer tax credit will give more families in Washington state an
opportunity to move into a home and will continue to provide a much needed
boost to the local housing market.” said Senator Patty Murray. “This is
a successful program that has already helped so many families across the state,
and I was proud to vote to extend it.”
The
homebuyer tax credit has been used by an estimated 58,000 Washington state
families since 2009.
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