City of Pensacola Florida

The proposal would allow a tax credit of 10 percent of the value of new or existing residences, up to a $15,000 limit. Current law provides for a $7,500 tax break but only for first-time homebuyers.

Isakson's office said the proposal would cost the government an estimated $19 billion.

The provision was the second tax cut approved in as many days targeted to individual industries. On Tuesday, the Senate voted to give a break to consumers who buy new cars.

To read more about it: http://www.msnbc.msn.com/id/28963701/

To set up your new home buying appointment in Pensacola, Florida:

Call Jeannette Spencer 850-316-8735 today and review:

http://www.jeannettespencer.com

 

Posted by Jeannie Spencer on February 5th, 2009 6:09 PM
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