In a last effort push, the House voted to extend the tax credit three months and the decision to be put into law is now in Senate hands.
The House voted 409-5 in favor of bill H.R. 5623.
This would be a welcome relief for the estimated 180,000 homebuyers who would lose out on the tax credit due to no fault of their own because they are unable to settle by tomorrow’s deadline.
The Associate Press quotes Representative Sander Levin, chair of the House Ways & Means Committee:
“We owe this to the people who have essentially followed the rules who are caught by a closing date.”
The bill enters the Senate for vote now, hopefully passing in this attempt, separating this issue from the others that caused it to fail in passing prior to now.
The countdown is on with one day until the deadline to close passes.