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  • Homebuyer Tax Credit Could be Extended 

    Thursday, Oct 29, 2009 @04:30pm CDT

    The popular tax credit for first-time homebuyers that has led to millions in housing sales could be extended.

    "This extension will get us through the winter...the worst time for real estate and jump start home sales into the summer season of 2010."

    The U.S. Senate is expected to take up the issue soon -- to extend the program thru April.

    Right now, it's set to expire November 30th.

    The $8,000 dollar tax credit for first-time homebuyers was used in over 1.4-million home sales in the past year. However, critics say there's been widespread abuse of the program.

    Last week, it was reported that 19- thousand taxpayers claimed the credit, but hadn't bought a home. Others have used their child's name to try to get the money.
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  • Other Local Stories from KARK 4 News 
    Saturday, November 21st, 2009
    6:00 AM
      
    Reported by: KARK 4 News
    At Statehouse Convention Center in Little Rock from noon to 7:00.

    4:00 AM
      
    Reported by: KARK 4 News
    Normal hours resume Sunday.

    2:00 AM
      
    Reported by: KARK 4 News
    Battle McNeese State in Southland Conference game.

    12:00 AM
      
    Reported by: KARK 4 News
    Watch at 10:00, the only place to see the live drawing.

    Friday, November 20th, 2009
    9:45 PM
      
    Reported by: KARK News
    A candlelight vigil was held to encourage Senator Blanche Lincoln not to vote in favor of healthcare reform

    6:51 PM
      
    Reported by: KARK 4 News
    51-year-old Alex Reaves is charged with manufacturing and possession of a controlled substance.

    6:42 PM
      
    Reported by: KARK 4 News
    After a small pox scare this morning, the River Valley Medical Center is accepting emergency room patients again.

    5:36 PM
      
    Reported by: Lauren Trager, KARK 4 News
    A local group is upset that the Secretary of State denied their request for the second year in a row, to have a display on the Capitol grounds for the holidays.

    5:24 PM
      
    Reported by: KARK 4 News
    Ward Three Alderman Cary Gaines resigned, effective today.

    3:50 PM
      
    Reported by: Melissa Simas
    20 kids placed in permanent homes.
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