BONUS TAX CREDIT FOR GEORGIA HOMEBUYERS & SELLERS!
By Mark Hendry : Blue Ridge Real Estate Pro in the North Georgia Mountains
(Century 21 Professional Realty Group In The Mountains)
THIS IS NOT THE MONEY YOU COULD HAVE SAVED WITH GEICO...IT'S BETTER!!! There is good news for Georgia home buyers and sellers! This month, in addition to the federal $8,000 tax credit, Georgia has an additional state tax credit for home buyers in 2009. The tax credit legislation was signed into law on May 11, 2009 by Governor Sonny Perdue, with the help of House Sponsor Ron Stephens (Savannah), House Ways and Means Chairman Larry O'Neal (Warner Robins) and Senate Chairman Chip Pearson (Dawsonville). The amount of the credit is 1.2% of the purchase price up to $1,800 non-repayable, to be spread equally annually, over the next three years. A great thing about the Georgia tax credit is that unlike the federal tax initiative, this money is not limited to just first-time homebuyers, but ALL ...
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