Kentucky considers $5,000 home buyer tax credit
NEW YORK, March 26 |
NEW YORK, March 26 (Reuters) - The state of Kentucky's House of Representatives will decide on Thursday or Friday whether to pass a state Senate provision that would give first-time homebuyers a $5,000 tax credit.
The bill allocates $25 million for the tax credit to be used on a first come, first served basis on new homes purchased as primary residences between May 15, 2009 and May 15, 2010, according to the text of the bill.
(Reporting by Helen Chernikoff; Editing by Bernard Orr)
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