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July 2010 LW
By ft Editorial Staff • Jul 14th, 2010 • Category: July 2010 Journal, Legislative Watch
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For a total list of all the real estate laws digested by first tuesday for the 2009-2010 legislative session, click here.
Topics:
Reported by Heather McCartney
The rule reported here extends the deadline for closing transactions that qualify for the Federal First Time Homebuyer Tax Credit.
Federal First-Time Homebuyer Tax Credit closing date extended through September
Internal Revenue Code §1986
Amended by H.R. 5623
Effective: June 30, 2010
The Federal First Time Homebuyer Tax Credit deadline for closing escrow on the purchase of a principal residence and perfecting the right to the subsidy has been extended from April 30, 2010 to September 30, 2010. This extension only affects purchase agreements entered into on or before April 30, 2010.
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Copyright © 2012 by the first tuesday Journal Online - firsttuesdayjournal.com;
P.O. Box 5707, Riverside, CA 92517
Readers are encouraged to reproduce and/or distribute this article.
Copyright © 2012 by first tuesday Realty Publications, Inc. Readers are encouraged to reprint or distribute this information with credit given to the first tuesday Journal Online — P.O. Box 5707, Riverside, CA 92517.
ft Editorial Staff is the writing staff comprised of legal editor Fred Crane and writer-editors Connor P. Wallmark, Giang Hoang-Burdette, Bradley Markano, Jeffery Marino, Mary Balash, Carrie B. Reyes and Sarah Cantino.
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