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October 8, 2009 WITH TANNER SUPPORT, HOUSE VOTES TO ENHANCE HOMEBUYER TAX CREDIT FOR MILITARY Tanner Co-Sponsors, Supports in House Floor Remarks WASHINGTON
– U.S. Rep. John Tanner and the House of Representatives
voted to make first-time homebuyer tax credits more flexible for
service
members and others serving the country. Congressman Tanner is a
co-sponsor of
the legislation. H.R. 3590 waives
the repayment
requirements for military families, foreign service officers and
intelligence
agents who take advantage of homebuyer tax credits but are required to
move or
sell their homes because of government orders. The bill also gives
those
serving away from home in 2009 an additional year, to December 2010, to
take
advantage of the homebuyer tax credit. The bipartisan bill passed the House 416-0 and complies with the House of Representatives’ “pay as you go” rules designed to curb deficit spending. The bill has not yet been considered in the Senate. # # # |
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