The U.S. Senate yesterday failed yet again to approve a measure that would extend solar tax credits, which are due to expire at the end of 2008.
As Reuters notes, a measure which would have extended the tax credits for eight years failed a key procedural vote.
In a statement, Solar Energy Industry Association president Rhonse Resch warned that a failure to extend the tax credit could damage the domestic solar industry:
State officials have approved tax credits for NetJets Inc. and its sister company as the aviation business readies for a $200 million expansion in Columbus.
The Ohio Tax Credit Authority approved the tax credits for the New Jersey-based private aviation company, which are tied to creating and retaining nearly 2,800 jobs in the region. NetJets and FlightSafety International were awarded 75 percent credits for 15 years to help them expand their Columbus operations.
At a special Westport Board of Finance meeting on Monday night, the board voted 4 to 3 along party lines, with Republicans opposed, to lower the increase in real estate taxes to 4.98 percent from the previously voted-on 7 percent increase.
An owner can sell a house for less than its value and the lender can forgive the loss — but that’s not all.
BUYERS AND sellers who choose the short-sale option need to understand the choppy waters they’re entering, lenders and agents say.
Buyers complain, justifiably, that the wait for bank approvals of short sales — typically 60 to 90 days, but sometimes considerably longer — seems endless and the transactions often fall apart.
Sellers, on the other hand, may face tax and credit problems.