Wednesday, July 23, 2008

H.R.3221 - Rumors of Solar Tax-Credit Extension appear to be false.

Ok, this is what I've dug up.

The House version that just passed is the "American Housing Rescue and Foreclosure Prevention Act of 2008 [H.R.3221.EAH]"

It contains references to Section 864 of the Internal Revenue Code of 1986.

The Senate Version that had been voted on previously is the "Foreclosure Prevention Act of 2008 (Engrossed Amendment as Agreed to by Senate)[H.R.3221.EAS]"


Both Versions refer to Internal Revenue Code of 1986. The House Version refers to Section 864, which is not what we're looking for. What we're looking for is a reference to Section 48, which is referred to in the Senate Version.

I think that the link posted earlier was the Senate Version.

Reid has said that there will be no changes to the House Version in the Senate.

So, Don't count on anything from Congress.

I've been through so many links and versions, it's not even funny. I can't possibly recreate the exact correct links.

Here's what appears to be the House Version, but I can't guarantee that it's the most recent House Version:

Here's US Code Section 48, which is the relevant code that needs to be extended, but is not in the House Version:

Freakin' Pussies in Congress. The best thing that could be done would be to help homeowners to pay for products that would add a new kind of value to their ailing properties, and save them money in the long term, also.

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