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Great News for Jacksonville Military Personnel! 8000 tax creditThe House of Representatives voted unanimously Monday to extend the deadline for the home buyers' tax credit for one group of Americans.

HR 3590 will allow eligible military personnel and foreign service and intelligence officers to apply for the $8,000 tax credit for one year beyond its current November 30 deadline.  Those meeting the underlying requirements for the credit must also be serving overseas or have spent at least 90 days deployed outside of the country during the current calendar year.  It is expected that about 350,000 military personnel and an unknown number of federal employees may be affected by the new law.

The bill, introduced by Representative Charles Rangel (D-NY) because it was thought that families serving overseas were being passed over for this one-time opportunity to  purchase a home.  It passed the Housed passed with 416 votes and 16 abstentions.  8000 tax credit
 

 

 

3 Comments on Great news Mayport Sailors and Jacksonville Military!

OCT
20
2009
622,286 Points 21 Featured Posts Outside Blog

It is a great thing for the military.  They deserve it and more.  Congrats to the house for passing it

10:49pm • #1
Attended Rain Camp

Russ,

Thanks.  I know we were hoping for a bill for everyone, but you're right..they do deserve it!

11:40pm • #2
NOV
18
2009
159,084 Points 5 Featured Posts Outside Blog Hit Router

This is the first time I've heard of the Military extension.  Good for them, they deserve more.

11:54pm • #3

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Brittany Stewart

Jacksonville, FL

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Elite Realty Group of Jacksonville

Cell Phone: (904) 254-0798

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