SMART MOVES WITH CAROL PROSE

SCHNEIDER Real Estate
One Point West Blvd.
St. Charles, MO 63301
(636) 946-5000 ext. 217

Monday, August 31, 2009

Around St. Charles County

Tuesday, September 15
Your Personal Economic Recovery7-8 p.m.Middendorf-Kredell Branch, St. Charles-St. Charles County Library District
Today's economic environment may be one of the most challenging. Take control of your financial situation - and the sooner you act, the better. Learn about the steps that can help prepare you for a potential recovery and keep your financial future on track. Presented by Gary W. Weber, Edward Jones.

Tuesday, September 15
AUDUBON OPEN HOUSE7 pm to 9 pmSt. Charles Nonprofit Development Center, 425 Spencer Road
Open House presentation by the St. Louis Audubon Society. Refreshments will be served while you wander exhibits, pickup informational materials, and meet the folks that make it happen around the Metro Region. From birding to education to hands-on conservation activities and more.
Free
Info call 314-599-7390

Friday, September 18-Sunday, September 20
MOSAICS MISSOURI FESTIVAL FOR THE ARTSFriday: 4 pm - 9 pm
Saturday: 11 am - 9 pm
Sunday: 11 am - 5 pm
Historic St. Charles Downtown District
Approximately 125 artists from across the country are selected to come to St. Charles to exhibit and sell their works. Mediums represented include painting, sculpture, jewelry, and many other fine arts. Other activities include A Mentor Me program, an Art for Youth gallery, and a Kids Creation Station. Food and other refreshments are available throughout the festival grounds.
Free
For info: call 636-940-5178 or visit www.stcharlesmosaics.org

September 25 - October 25, 2009

Quilt NationalTuesday-Saturday hours are 10 am - 5 pm
Open until 9 pm on Wednesdays
Sunday hours are 12 pm-4 pm
Foundry Art Centre, 520 N. Main Street
Quilt National is a biennial, international, juried and judged quilt art competition. Quilt National has showcases the most exciting & innovative trends in the medium and promotes quilt making as what it always has been - an art form. Jurors will select works that represent unique approaches and demonstrate the breadth & diversity of contemporary expressions. An educational lecture series will run in conjunction with the exhibition.
Free

Tuesday, September 29
Escape To Araluen/Ranger’s Apprentice7 p.m.Middendorf-Kredell Branch, St. Charles City-County Library
Experience the story, live the action with the Viking Story Pirates of New York City.Info: Register online at www.youranswerplace.org or call 636 978.7926

Wednesday, September 30
When Should Ms. Daisy Stop Driving?3-4:30 p.mProgress West Highway K Medical Building & Urgent Care CenterDesigned for the impaired senior driver and their loved ones, this discussion separates fact from fiction on the safety of older drivers. Call 636.344.2273 to register.

Thursday, August 27, 2009

HR 2801: Home Ownership Moves the Economy Act of 2009

There is a new Bill - H.R.2801 or the Home Ownership Moves the Economy (HOME) Act of 2009 that was introduced by Rep. Howard Coble, Republican from North Carolina, on June 10, 2009. It is currently being reviewed by the House Committee on Ways and Means.

Basically, this Bill will amend the Internal Revenue Code to:
1. Extend the first-time home buyer tax credit to all individuals who purchase a principal residence. Currently, only first-time home buyers may qualify for the $8000 Tax credit. The definition of a first time home buyer under the current program states that you cannot have owned a primary residence in the past 3 years. This credit still only applies to those buying a primary residence

2. Extend such credit and the waiver of recapture requirements for such credit through December 31, 2010

3. Repeal the limitation on such credit based on modified adjusted gross income. The current guidelines read that as a single tax payer, your income cannot exceed $75,000 to receive the full tax credit. A reduced credit may be claimed up to the phase out income limit of $95,000. For married filing jointly, the income guidelines are $150,000 phasing out at $195,000. This would enable those individuals that earn higher incomes to also receive the tax credit.

This bill is still in its infancy and has a long way to go before it is passed. If you are a first time home buyer, I would advise you not wait to see if this bill will be passed. The current $8,000 tax credit for first time home buyers will expire on November 30, 2009. The home you purchase must have the transaction closed by this date. If you wait, you may find yourself in a position where there is no way the closing on your home can take place by then and you will lose out on the tax rebate.

You can track the progress of this BILL at: http://www.govtrack.us/congress/billtext.xpd?bill=h111-2801