Governor Sonny Perdue signed House Bill 261 in May providing an $1,800 tax credit on home purchases in Georgia during the next six months.
The Georgia tax credit takes effect on June 1, 2009 and is available on single family residences including condos. The amount of the credit is $1800 or 1.2 percent of the purchase price, whichever is less. this take credit takes effect on June 1, 2009. You can claim one-third of the credit available in each taxable year and may carry forward unclaimed amounts.
There are no income restrictions and you don't have to be a first time home buyer to receive the new $1,800 tax credit. It's available to all buyers who close by Nov. 30, 2009.
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