Welcome!




Expand Your Education with These Courses from
Effective Presentation Skills for Sales Professionals: Skills for Sales Success: Part Five.
Customer Relationship Building: Skills for Sales Success: Part Seven.
Territory Management: Skills for Sales Success: Part Eight.
Bundle 2: CIPS Elective Courses (Non-US Version).
Bundle 3: CIPS Institute (US Version).

Business Roundtable Commends Senate Vote on Homebuyer Tax Credit, Five-Year NOL ‘Carryback’

Have a comment on this article? Share on Facebook!

RISMEDIA, November 6, 2009—The following is a statement from the Business Roundtable commending the Senate for their recent vote to both extend and expand the homebuyer tax credit. 

“We commend the Senate for voting to extend and expand the federal homebuyer tax credit. This critical program has already enabled hundreds of thousands of Americans to become first-time homebuyers. Encouraging additional home purchases will create a cascade effect, not only boosting the housing sector, but also creating jobs and hastening broad recovery of the U.S. economy – more than 20% of which is tied to residential real estate and housing-related industries. 

“We also commend the Senate for expanding the five-year net operating loss ‘carryback’ period for all companies. This is critical tax relief that will allow companies to generate immediate cash by carrying back current-year losses to profitable years. In light of the current credit crunch, access to cash is critical to sustaining the current economic recovery. Companies will be able to use this money to invest in new plants and equipment, sustain research and development and maintain and create U.S. jobs. 

“As we continue to work our way back toward sustained economic growth, it is vital that we balance the need for economic stimulus with fiscal prudence. The credit and NOL relief are timely, temporary and have already proven effective; in short, this is exactly the sort of stimulus measure we need to focus on. 

“In particular, we would like to thank Sens. Isakson, Reid, Cardin and Dodd for their dedication to extending the homebuyer credit, and Sens. Reid, Baucus and Snowe for their commitment to extending the NOL ‘carryback’ period. We now urge the House to follow the Senate’s lead in quickly passing this legislation and putting our economy on a path of sustained recovery,” said Richard A. Smith, president and CEO of Realogy Corporation and Chair of Business Roundtable’s Housing Working Group. 

For more information, visit www.businessroundtable.org

Want instant access to great articles like this for your blog or newsletter? Check out our 30-day FREE trial of REsource Licensed Real Estate Content Solutions. Need easy stay-in-touch e-Marketing solutions too? Try Pop-a-Note for 99 cents!
Join RISMedia on Twitter and Facebook to connect with us and share your thoughts on this and other topics.




Copyright© 2014 RISMedia, The Leader in Real Estate Information Systems and Real Estate News. All Rights Reserved. This material may not be republished without permission from RISMedia.

Content on this website is copyrighted and may not be redistributed without express written permission from RISMedia. Access to RISMedia archives and thousands of articles like this, as well as consumer real estate videos, are available through RISMedia's REsource Licensed Content Solutions. Offering the industry’s most comprehensive and affordable content packages. Click here to learn more! http://resource.rismedia.com

Our Latest News >>