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Georgia Homebuyers: Get Your State Homebuyer Tax Credit NOW!
Are you planning to buy a home in Georgia sometime soon? If so, you may want to act now - or at least before November 30, 2009!
On Monday, May 11, Governor Sonny Perdue signed the Georgia Homebuyer Tax Credit Bill into law, enabling all homebuyers who purchase a home between that date and November 30, 2009, to be eligible to receive a credit on their state taxes. This is for all homebuyers, not just first-time homebuyers!
Though not nearly as exciting as the $8,000 Federal First-Time Homebuyer Tax Credit, the state tax credit is still a breakthrough - proving once again there has never been a better time to buy a home! The government is basically paying you to buy a home!
There are a few things you need to know, however, to be sure that you are eligible for the credit. The follow single-family structures (including townhomes and condominiums) are eligible for the tax credit:
"a) Any residence (including a new residence, one occupied at the time of sale, or a previously occupied residence) that was must have been for sale prior to May 11, 2009 and that remained for sale after May 11, 2009; orb) A residence with respect ... more

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