The State of Georgia is now offering a tax credit for home buyers.  So, on top of the $8000 tax credit for first time home buyers from the Federal Government, now buyers around metro Atlanta, and the state of Georgia, will receive up to $1800 from the State.

The details are a little complicated, but the basis is that the tax credit is given for owner occupied purchases, which are purchased between June 1 and November 30, 2009.  The credit is for $1800 or 1.2% of the purchase price, whichever is less.  So, to get the full credit the purchase would need to be for $150,000 or greater.  

And, the dates that the home went on the market have an effect on qualifying for the tax credit, as well.  For this I have found the most succinct explanation from the NAMAR Organization:

In addition, eligible single family residences include 1) new single family residences; 2) previously occupied residences that were for sale prior to the May 11, 2009 and are still for sale after May 11, 2009; 3) owner-occupied residences with respect to which the owner’s acquisition debt is in default on or before March 1, 2009; and 4) residences where a foreclosure has taken place and are owned by the mortgagor or the mortgagor’s agent. 

So, more good news if you are a prospective home buyer around Atlanta.