Georgia has passed a 3 year tax credit of up to $1800 for all tax payers who purchase a home between June 1, 2009 and December 1, 2009 (final day to close is November 30, 2009).

This tax credit may be used in addition to the Federal First Time Home Buyer’s Tax Credit if the buyer is a first time home buyer.

The credit is available only to taxpayers who purchase a single family home during the covered calendar period. The amount of the tax credit is 1.2% of the purchase price of the home or $1800 whichever is less.

Letter from Governor Purdue

Full Text of the Bill as Passed

IRS Form 5405 for First Time Home Buyer’s Tax Credit (Federal)