I just got word that Bill 261 for a $3600 tax credit for Georgia residents has just.....PASSED THE SENATE!!!

This will be in addition to the federal tax credit and available to ALL HOMEBUYERS...not just first time homebuyers in the state of Georgia!

I do not know at this moment if the bill passed as it was originally written, or if changes were made. As soon as I get the details, I will update!

What awesome news today. Special thanks to our State Senator Chip Pearson for his efforts in helping get this bill passed. Senator Pearson has been working alongside the Georgia Home Builders Association and local associations to get this kind of legislation passed and aid in the housing recovery. I would ask that everyone reading this post please email Senator Pearson and thank him for his hard work on this bill. You can email him at:  chip.pearson@senate.ga.gov

It's amazing what happens when people cooperate and the 'Powers that be' listen to the people's voice and great things are accomplished.

Contact me for more information and stay tuned for more!

Kimberly Wilson, Your Available Agent keeping you informed with up to the minute information!

 UPDATE:

The bill still has to be signed by Governor Purdue.  Once signed into law, it will only be available for 6 months. In addition, the credit will be divided and used over a 3 year period, not used all at once. I think this is a good thing. It's still a good tax credit amount for three years!

I look for Governor Purdue to sign this bill into law shortly.

Stay tuned!