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The first-time home buyer tax credit has been extended!

In a major victory for NAHB that will boost the fledgling housing recovery and help struggling business owners nationwide, Congress has approved legislation that will extend the first-time home buyer tax credit beyond its November 30th deadline and expand it to a wider group of home buyers. The bill also provides relief to cash-strapped home builders by providing broader tax benefits for businesses with net operating losses (NOLs).

The legislation will:

Extend the $8,000 credit for first-time home buyers for sales contracts entered into by April 30, 2010 and closed by June 30.
Expand to include a new $6,500 credit for owners of existing homes who are purchasing a new principal residence.
Increase income eligibility limits to claim the full credit amount to $125,000 for single taxpayers and $225,000 for married taxpayers filing a joint return.

NAHB's consumer-oriented Web site, http://www.federalhousingtaxcredit.com/, provides complete details on the enhanced home buyer tax credit.

Don't be fooled by imitations; AHBA's Home, Garden & Lifestyle Show is the ORIGINAL and ONLY locally produced home show in Acadiana! The 2010 show is scheduled for Saturday and Sunday February 27th and 28th at the Cajundome Convention Center. For nearly 50 years, this has been the premier event for the latest in products for the home, outdoor living, and improving quality of life.

Do you want 4,000 potential customers to learn about your company or product? Exhibit in the 2010 Home, Garden & Lifestyle Show! For more information, contact AHBA Events Coordinator Ginger Gamewell at (337) 981-3053. Be sure to reserve your booth before it's too late!