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March 19, 2010

Big homebuilders get billions in tax refunds

  • Some small builders say the souped-up tax break is primarily giving their large rivals yet another competitive edge.
    • By ALEX VEIGA
    AP Real Estate Writer

    LOS ANGELES — It's tax season, and the IRS is being particularly generous to some of the nation's largest homebuilders.

    Several publicly traded companies, including Lennar Corp., Hovnanian Enterprises Inc. and Pulte Homes Inc., expect to rake in roughly $2.5 billion in federal tax refunds combined, according to company filings.


     
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