2theadvocate.com | Suburban and State | Senate passes housing measure — Baton Rouge, LA
Under the new measure, Road Home recipients claiming the deduction can go back and redo their 2005 taxes and repay the savings they received in order to get the full benefit of the Road Home grants.
“The Senate today sent the president a bill with one of the most significant provisions to jumpstarting our recovery since hurricanes Katrina and Rita devastated the Gulf Coast in 2005,” U.S. Sen. Mary Landrieu, D-La., said in a statement after the vote.
“Our homeowners will now get the tax relief they need to reinvest in their homes and our communities,” said Landrieu, the author of the provision.
U.S. Sen. David Vitter, R-La., initially co-sponsored the Road Home relief measure, but voted against the $300 billion housing bill because, Vitter said, it aids mortgage lenders that created the current housing crisis.