Rehberg Tells White House to Extend Home Buyer Tax Credit

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By: By KFBB News Team

Story Updated: Sep 14, 2011

Earlier this week, we told you how area realtors were hoping the first time home buyer tax credit would be extended. And now, Congressmen Denny Rehberg is jumping into the fray.

On Wednesday Rehberg sent a letter to White House officials urging them to prolong the $8,000 rebate.

Rehberg is also co-sponsoring the Home BuyerTax Credit Act of 2009. The act would extend the rebate for a year, increase the credit to $15,000 or 10 percent of the purchase price of a principal residence and make it available to all home buyers.

Rehberg says, "As we come to the sunset time, which is the end of november, it seems like it makes logical sense to extend it and expand it to allow other people the same opportunities to get into home ownership."

Rehberg says it will be difficult to extend the program before the November 30, 2009 deadline, but he says many lawmakers are in favor of the extension.

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Morgan's Mom said on Friday, Oct 30 at 3:46 PM

$8,000 Tax Credit to Be Extended This morning, Senator Max Baucus and the National Association of Homebuilders Announced that an agreement has been reached to extend the $8,000 first time homebuyer tax credit. The senator announced an additional $6,500 "move up" tax credit for people that have lived in the same house for 5 out of the last 8 years. The final details are emerging, but it appears the Senate is done fighting on the tax credit. The vote will likely happen Monday, 11/2

russ said on Wednesday, Oct 28 at 12:22 PM

when is congress set to vote on this extension?

corbitr said on Tuesday, Oct 27 at 12:32 PM

Congress get this extension done, it is the only part of the stimulous that is actually working. Do you know why? Because it is a tax credit. Proof that tax cuts stimulate!!! GET IT DONE!!!!