Kauai Real Estate and Local News Update November 2
The extension and expansion of the homebuyer tax credit is the pending business in the Senate. After a long week of negotiation on the credit, an agreement on the scope of both expansion and extension has been reached. The extension is part of a larger bill that has not yet gone to a vote, however. A Senate vote on the underlying bill will occur in the Senate during the week of November 1. The package will then go back to the House. The House is expected to accept the Senate amendments, vote on the package and send it to the President for signature. The underlying bill is an extension of unemployment benefits. Other provisions in the bill include expansion of the net operating loss carryback rules, new requirements for some tax return preparers and noncontroversial provisions that “pay for” these changes.
On the Real Estate Front here on Kauai we had a very interesting new listing come up here in the Poipu area unlike any that I have ever seen in this area. It’s for 20 acres of land near the Kiahuna Golf Villiage and the new Poipu Beach Estates Lots. Price is $3,999,000 ($4 Million). For more information call or email me
For a detailed list of what came on the market and what sold here on Kauai last week, including this new 20 acre listing, CLICK HERE