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Q: I have a credit from an unused Delta flight that expires at the end of May and I don't think I will be able to use it before then. Are there any other options for applying that credit to something else, such as a membership to the airline's club lounge or buying duty free on board? A: There are two types of Delta credits: Delta Dollars and Delta e-credits. The former are given as customer courtesies or for oversold flights; the latter are for refunds or price differentials being credited to an account. Delta Dollars cannot be used to pay things like SkyClub passes or duty-free purchases, but they are eligible to be used to buy a ticket for someone else.
HIGHLAND - The City Council voted unanimously Tuesday to extend a 25 percent development impact fee credit through 2011 and add another 5 percent. Council members called the move a good- faith effort to be business-friendly and to stimulate residential and commercial development in the city.
HIGHLAND - The City Council voted unanimously Tuesday to extend a 25 percent development impact fee credit through 2011 and add another 5 percent. Council members called the move a good faith effort to be business friendly and hopefully stimulate residential and commercial development in the city.
MONTEBELLO - State Sen. Ron Calderon wants to extend and expand a 2009 state housing credit for first-time home buyers into this year. Calderon, D-Montebello, said Friday that his new bill - introduced Thursday - would double the amount of money appropriated last year. He also plans to amend it to allow the credit to be used for the purchase of all homes, not just newly built ones.
I applaud the House of Representatives for voting 416-0 to extend the $8,000 first-time homebuyer tax credit to military, intelligence and diplomatic personnel through 2010, but I urge them to complete their job and extend it for all first-time homebuyers. The tax credit has been a needed shot in the arm to the housing market, but is due to expire on Nov. 30, 2009.
WASHINGTON - Lawmakers are trying to extend and expand an $8,000 federal tax credit for first-time homebuyers, a stimulus-package tax break that many regard as a significant prop for the still- tottering economy. The latest Senate proposal would drop the requirement that the credit be available only to first-time buyers, broadening the reach of the program but also adding to its cost, estimated by congressional analysts at $16.7 billion.
The first-time homebuyer tax credit has provided a big boost to the housing sector, but is the incentive, set to expire at the end of next month, worth the investment? Depends on who you ask.
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