House passes bill to extend tax credit from July 1st to October 1st.
Washington, DC – Today, the House of Representatives passed an extension of the $8,000 homebuyer tax credit for first time homebuyers. The extension was set to expire at the end of June. The extension, sponsored by Rep. Frank Kratovil and his colleagues Rep. Travis Childers (D-MS) and Kathy Dahlkemper (D-PA), will extend the credit until October 1, 2010.
“The first time home buyer tax credit is working to revitalize the housing industry, a major indicator of the overall strength of the economy,” said Rep. Frank Kratovil. “However, more than 2,000 Marylanders who have already signed a contract to purchase a new home are having their closings delayed through no fault of their own. This common sense legislation will ensure that these individuals receive the tax credit that they rightfully deserve. Extending this tax credit will not only boost our economic recovery and support our housing market, but it is also the right thing to do.”
The bill extends the credit for all homebuyers with a binding contract as of April 30, 2010 so that they are afforded more time to close the sale and still benefit from the credit.
In late September Reps. Frank Kratovil (D-MD) and Travis Childers (D-MS) introduced a bill, The Tax Credit Extension for Homebuyers with a Loss Deduction Incentive Act (H.R. 3640), to extend the first time home buyer tax credit. A similar home buyer tax credit extension was eventually signed into law on November 6, 2009.
Click here to view a letter of support from the National Association of Realtors.
FOR IMMEDIATE RELEASE
Shaun Adamec
Office: 410-974-2316
Cell: 410-919-3206Christine Hansen
Office: 410-974-2316
Cell: 443-336-5270
GOVERNOR MARTIN O’MALLEY TO VISIT WESTERN MARYLAND,
ATTEND NATION’S FIRST CELL PHONE JAMMING TEST AT FEDERAL PRISON
Governor will also Tour Local Business to promote Job Creation Tax Credit
ANNAPOLIS, MD (February 16, 2010) – Governor Martin O’Malley will visit Western Maryland tomorrow, where he will attend the nation’s first-ever federally sanctioned test of cell phone jamming technology at a federal prison. Last year, Governor O’Malley and Senator Mikulski formally requested approval for the test from the National Telecommunications and Information Administration (NTIA). Tomorrow, Governor O’Malley will visit the Federal Correctional Institution in Cumberland, MD, where the Bureau of Prisons and the NTIA will conduct the first-ever sanctioned test of the jamming technology at a prison. Governor O’Malley and Department of Public Safety and Correctional Services Secretary Gary Maynard will address media at the prison’s training facility following the visit.
Cell phone jamming technology will allow prisons to interrupt the signal of illegal cell phones that are potentially being used to orchestrate crimes from within the walls of the prison.
Later, Governor O’Malley will visit American Woodmark, a cabinet manufacturer in Cumberland that is expanding and adding jobs. The Governor will highlight the Job Creation and Recovery tax credit, part of the O’Malley-Brown Administration’s jobs agenda to fuel innovation and drive economic progress throughout Maryland.
WHAT: Governor O’Malley to visit the nation’s first-ever legal test of cell phone jamming technology at a prison
WHEN: TOMORROW, Wednesday, February 17, 2010
Media availability at approximately 12:30 p.m.
WHERE: Federal Correctional Institution Training Center
14601 Burbridge Rd, SE
Cumberland, MD
NOTE: The Governor will arrive at the prison at noon, however due to media restrictions at the prison, press will not be permitted to accompany the Governor on the tour.
The Governor and Sec. Maynard will address media at the training facility at approximately 12:30 p.m.
DIRECTIONS: To get to the training center, enter via Mexico Farms Road. Turn left onto Burbridge Rd. Training Center is on right hand side approximately 1/8 mile and signs clearly identify it. If you reach the main institution (also on the right), you’ve gone too far.
WHAT: Governor O’Malley to visit American Woodmark and tour their manufacturing plant
WHEN: TOMORROW, Wednesday, February 17, 2010
Governor to arrive at approximately 1:15 p.m.
WHERE: American Woodmark
17600 Barton Park Drive, SW
Cumberland, MD
(off of Route 220 south of Cumberland)
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