New Jersey Home Buyer Tax Credit News | Bergen County New Jersey
By Robert Hammerstein -, Bergen County NJ Real Estate
(Christie's International Real Estate )
Hi Everybody New Jersey Home Buyer Tax Credit in the NewsWe could all use some good news for a change couldn't we?Now that the Federal home buyer tax credit has expired, New Jersey home buyers have come a little bit closer to getting a terrific benefit from our home state government.Last week the New Jersey State Assembly passed a bill on Thursday that would provide New Jersey home buyers with a tax credit of up to $15,000. The bill still needs to pass the State Senate before it becomes law. The details are not yet announced but here are some of the highlights. The tax credit is to be paid out to home buyers over three years. During which time the new buyers must continue to occupy the home. The credit has benn capped at a total of $100 million, which will be distributed on a first come...
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