Here's a recent e-mail we received from Athens attorney, Chris Nichols.
Good news on the real estate front! State Senator, Bill Cowsert, was successful recently in pushing through a bill that will provide for a $3600 tax credit for anyone purchasing a home or condo for use as their primary residence over the next 6 months. It is House bill 261. The credit is good up to the amount of the buyer's tax liability not to exceed $3600 and is capped at $1200 per year, i.e. if they qualify for the full $3600 tax credit they would have to spread the credit out over three years taking a $1200 credit in each year.
I'm sure details on how to qualify will be coming out soon.
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