New Home Tax Credit Could Save Kentuckians Thousands
ERLANGER, KY - July 8, 2009 - (RealEstateRama) —A new tax credit goes into effect this month that could give some Kentuckians thousands of dollars back on the purchase of a new home. The New Home Tax Credit is an individual income tax credit and applies to a “qualified buyer” who purchases a home on or after July 26, 2009 and before July 26, 2010.News || Laws & Taxes
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- New Home Buyer Tax Credit is Bigger and Better
February 25, 2009 - (RealEstateRama) — On Feb. 17, President Obama signed the American Recovery and Reinvestment Act of 2009 into law. As part of $787 billion in economic stimulus measures, the legislation created a home buyer tax credit that is bigger and better than the previous credit that was implemented in July 2008. ...
- Home buyer Tax Credit Key to Reviving Housing, Builders Tell Congress
WASHINGTON, D.C. - Jun 9, 2008 - (RealEstateRama) — The National Association of Home Builders (NAHB) today called on Congress to create a temporary home buyer tax credit along with other important tax measures to boost the faltering housing market and economy. ...
- Tax Credit Helps Boost New-Home Sales, CBIA Announces
SACRAMENTO, CA - May 12, 2009 - (RealEstateRama) — Thanks in part to the California new-home tax credit that went into effect in March, the pace of home sales at California new-home communities has begun to show signs of stabilizing, California Building Industry Association reported ...
- C.A.R. calls for extension of federal tax credit
C.A.R. calls for swift adoption of Dodd-Lieberman-Isakson amendment to extend home buyer tax credit. LOS ANGELES, CA - October 26, 2009 - (RealEstateRama) -- The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today called for the U.S. Senate to swiftly adopt the Dodd-Lieberman-Isakson amendment, which would extend and amplify the hugely successful first-time home buyer tax credit until June 30, 2010....
- Gordon Announces Homebuyer Tax Credit Extension Takes Effect
WASHINGTON, D.C. - December 1, 2009 - (RealEstateRama) -- Congressman Bart Gordon announced that starting today (Dec. 1), first-time homebuyers in Tennessee will be able to take advantage of an $8,000 tax credit for an additional five months, and existing homeowners are eligible for a $6,500 tax credit for new home purchases. ...
- Tax Credit Spurs First-Time Home Buyers, Survey Finds
April 06, 2009 - (RealEstateRama) — Of the households participating in a Move, Inc. telephone survey in March who said they plan to buy a home this year, 18.1% indicated that they would be doing so in order to take advantage of the $8,000 first-time home buyer tax credit in the stimulus package enacted in February....
- Housing Production Dips in July as Tax Credit Expires, CBIA Announces
CBIA says state new-home tax credit extension needed to bolster construction. SACRAMENTO, CA – California homebuilders pulled back on new-home production in July as homebuyers retreated from housing markets around the state following the discontinuation of the successful homebuyer tax credit early in the month, the California Building Industry Association announced today....
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Articles Category: Laws & Taxes
- Attorney General Corbett cautions consumers to be wary of online real estate or vehicle sales scams
HARRISBURG, PA - February 8, 2010 - (RealEstateRama) -- Attorney General Tom Corbett today cautioned Pennsylvania consumers to be alert for possible scams linked to online ads for rental homes and apartments, along with Internet "for sale" ads and auctions for cars, motorcycles and other items.
- Dorgan Says 3,400 North Dakotans Have Used Homebuyer Tax Credit
WASHINGTON, D.C. - February 8, 2010 - (RealEstateRama) -- U.S. Senator Byron Dorgan (D-N.D.) said today that 3,400 North Dakotans have used the First Time Homebuyer Tax Credit passed last year by Congress as part of a major economic recovery bill.
- Titus Statement on 4th Quarter GDP Increase
Washington, D.C. - January 29, 2010 - (RealEstateRama) -- Congresswoman Dina Titus of Nevada's Third District released the following statement today on the news that the economy grew 5.7 percent in the fourth quarter of 2009, the fastest pace since 2003.
- CFO Sink Encourages Floridians to Claim Earned Income Tax Credit and Undelivered Refunds
TALLAHASSEE, FL - January 29, 2010 - (RealEstateRama) -- Florida CFO Alex Sink is urging Florida taxpayers to find out if they may be one of the estimated 10,000 Floridians who qualify for the Earned Income Tax Credit (EITC), a federal tax credit for low-income working individuals and families, on Earned Income Tax Credit Awareness Day 2010. Eligible Floridians are due back an estimated $15 billion, on top of what they already may be claiming on their taxes, if they all claimed the EITC.
- Investigation by Federal, State and Local Task Force Leads to Mortgage Fraud Charges Against Six People Involving Million-Dollar Plus Houses
CINCINNATI, OH - January 29, 2010 - (RealEstateRama) -- A two-year investigation by the Greater Cincinnati Mortgage Fraud Task Force has resulted in a seven-count indictment charging two Cincinnati area home builders, a former Huntington National Bank vice president, and a self-employed tax preparer and interior designer with participating in a mortgage fraud scheme to sell four high-end luxury properties to “straw buyers.”
- Manhattan Real Estate Developer Sentenced to Four Years in Prison for $27 Million Mortgage Fraud and Ponzi Scheme
New York, NY - January 28, 2010 - (RealEstateRama) -- PREET BHARARA, the United States Attorney for the Southern District of New York, announced that Manhattan real estate developer MICHAEL HERSHKOWITZ was sentenced today to four years in prison for his participation in a $27 million Ponzi scheme involving fraudulent loans secured by nonexistent mortgages.
- First-time buyers dominate Illinois housing market
More than half of home buyers in the 2009 Profile of Illinois Home Buyers and Sellers were first-time buyers, due in large part to the first-time homebuyer tax credit stimulus and increased affordability in home prices in the last year. The survey results released by the Illinois Association of REALTORS® (IAR) found 51% of buyers were first-time buyers, compared to 47% nationwide (a figure which has averaged closer to 40% nationwide since 2001). When asked about the primary reason for timing of the home purchase, 46% of first-time buyers said it was just the right time.