Great News from the US Senate! The amendment by Senator Johnny Isakson, R-Ga., gives a $15,000 tax credit to anyone who buys a home in the next year. The bill was passed unanimously.
The amount of the tax credit would be $15,000 or 10 percent of the purchase price, whichever is less, and the purchase must be made within one year of the legislation’s enactment. The tax credit would not have to be repaid. This tax credit would replace the previous $7,500 tax credit, and remove all of the stipulations that inhibited the benefits for those not qualifying, including salary income caps and first time home buyer status. Read more from the Atlanta Business Chronicle...
This bill is a huge incentive for anyone looking to purchase a new house, condo, loft or townhome in Atlanta, or any other city in the United States. If you were waiting for a reason to purchase, this may be it.
For more information, go directly to the website of Senator Isakson.
