Alan wrote:
- quote -

become effective the date the bill was signed into law.


ChEAr$,
Harlan Lunsford, EA n LA

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Marion1E[at]comcast.net wrote:
- quote -

as it might smack of favoritism. So specialized credits are
generally effective no earlier than when the bill becomes public
(introduced).

June 30, 2009 is the end of fiscal year 2009. I'm guessing that
the budget only allowed for around $14B of credits to be taken.

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<Marion1E[at]comcast.net> wrote
- quote -




April 9th is probably nothing more sinister than the date it was signed into
law. But I can come up with a good storyline if you want me to.

Why the "before July 1, 2009"?
......because the heroes in DC think the housing problems will all be
resolved by then
......because they can renew the law and brag about saving the housing market
in front of the cameras
......because they can't spend all the bailout money on taxpayers who might
actually spend that money in the economy.




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Paul A. Thomas, CPA
Watkinsville, Georgia

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The Housing and Economic Recovery Act of 2008 authorizes a $7,500 tax
credit for qualified first-time home buyers purchasing homes on or
after April 9, 2008 and before July 1, 2009. TMy Question, what is the
significance of the dates. Why not start on the first of the year
instead of April 9th.
Thanks for your input,

Marion

========================================= MODERATOR'S COMMENT:
That's what's written into the law.

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