Tax Bills That Might Boost Your Business

Both the House and Senate are pushing through legislation to provide tax credits to home buyers in an effort to alleviate the current housing market woes. They are similar in amount, but very different in who is eligible and on what type of properties they can be taken.

Thanks to NAR for laying it out simply in this graphic document. The House version would give first time home buyers the nod with a $7500 tax credit. The Senate bill lets anyone use their $7000 credit, but only on foreclosed and certain other properties.