Great news folks, the House of Representatives passed the bill to extend the tax credit closing deadline yesterday! All that needs to happen now is to have the Senate pass the bill.
This extension was part of a larger bill that fell through on the Senate floor last week. There was wide support amongst the senators for amending the American Jobs and Tax Loopholes Act by adding the tax credit extension to this bill, however the much larger bill stood still last week when discussed within the Senate.
There seems to be lots of support within Congress for the extension of the tax credit, it'll all depend on whether both sides can come to terms and agree to pass it once and for all.
Again, I will continue to keep you posted on the progress of the extension as it happens.
Feel free to contact me with questions!
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