Senate Approves Amendment for $15K Homebuyer Tax Credit
Posted by Jolenta Averill on
This week the U.S. Senate approved an amendment to the Stimulus package that provides a tax credit up to $15,000 to anyone purchasing a home between January 1st, 2009 and December 31st, 2009. The tax credit is equal to 10% of the total purchase price up to a maximum of $15,000. For example, if you purchase a home for $150,000 (or more), you would be entitled to a $15,000 tax credit. Current law provides up to a $7,500 tax credit to a first-time home purchaser. The new amendment, if passed, would apply to all home buyers whether they are first-time home buyers or not. Also, the newly proposed $15,000 tax credit would only require repayment in the event the taxpayer sells the home within 24 months of purchase or does not use the home as the taxpayer’s…
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Every two weeks for the past 20 years Dominic Collar’s staff drives to 680 municipal offices throughout Wisconsin to count building permits. That's thousands of miles of driving every year. But it's business as usual for MTD Marketing Services of Wisconsin, the sales and marketing forecasting company that Dominic runs. Compiling data for MABA (Madison Area Builder’s Association), among other clients, MTD's unique data gathering, forecasting and analysis enables Dane County builders to make more informed decisions about which price points, square footage and geographic target areas are most likely to succeed from one year to the next in Dane County, Wisconsin.