US senators eye extending home credit to end-April-sources By: AFX | 28 Oct 2009 | 04:27 PM ET Text Size WASHINGTON, Oct 28 (Reuters) – A popular U.S. tax credit for first-time homebuyers would be extended until the end of April and expanded to cover repeat buyers under a deal reached by key senators, sources familiar with the plan said on Wednesday. The sources said the tax credit would remain at its current $8,000 for first-time buyers, while a new credit for repeat buyers of a primary residence who have been in their house for at least five years would receive a credit of $6,500. Senate Banking Committee Chairman Christopher Dodd said on Tuesday that a deal had been reached, but he declined to provide details. It was still unclear when the Senate might take up the measure. (Reporting by Corbett B. Daly; Editing by Dan Grebler) Keywords: USA CONGRESS/HOUSING CREDIT (corbett.daly@thomsonreuters.com; Tel: +1 202 904 0962; Reuters Messaging: corbett.daly.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.
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