Sen. Johnny Isakson had proposed the tax credit of up to $15,000 for all homebuyers this year. The stimulus bill that this proposal is included in is in committee right now, with House and Senate members working out details and making their two versions of the bill.
One thing that got cut – in half – today was the proposed $15K tax credit for home buyers, as reported in the WSJ. It will now be 10% of the purchase price, up to $7500. But, unlike the existing $7500 tax credit for first time home buyers, this one does not need to be repaid.
So, is the glass now half full for home buyers around Atlanta? Or half empty?
We will see if it makes it to the final bill in any version, then you can decide.
Related posts:
