Oct 30, 2009
The latest on the tax credit extension
30 Oct 2009
Posted by VAR
Although the Senate was not able to reach a procedural agreement to schedule a vote on the Unemployment Insurance extension, the Dodd-Lieberman-Isakson Amendment to extend and expand the Tax Credit is contained in the bill.
The Senate is expected to vote, Monday evening, for a "Motion to Invoke Cloture" if 60 Senators vote yes on the cloture motion, the Senate will then be able to schedule a vote on the bill that contains the Dodd-Lieberman-Isakson Amendment.
Once the Senate acts, the tax credit must still go to the House of Representatives for action.
NAR is asking Realtors to continue pressing their legislators to approve the bill. Right now, a call to Senators Webb (202) 224-4024 and Warner (202) 224-2023 asking them “To vote yes on the motion to invoke cloture on the Unemployment Insurance Extension” will keep the legislative process moving.