Set to expire end of 2016
By Brena Swanson | HousingWire
This year two of the biggest tax provisions at the top of Congress’ pile to renew impact housing and homeowners, especially first-time homebuyers.
At this point, it’s standard practice for Congress to renew a handful of tax extensions at the end of the year, given that these provisions are constantly reaching their expiration date.
The Mortgage Bankers Association, the National Association of Home Builders, and the National Association of Realtors wrote a joint letter to House Speaker Paul Ryan, R-Wis., and Minority Leaders Nancy Pelosi, D-Calif., Mitch McConnell, R-Ky., and Leader Harry Reid, D Nev., to urge Congress to act on two critical tax provisions that are scheduled to expire at the end of 2016.
