State Tax Credit Worthy?

The United States Congress passed a $787 billion stimulus bill that includes an $8,000 tax credit for earners who buy their first home in the 12 months, from January through December 2009.

States, which have seen California get some fast traction with an additional tax credit for any home buyer up to $10,000, are starting to ante up programs of their own, providing their tax coffers permit such an allocation.

Big Builder senior editor Lynn Norusis has compiled this map, indicating which states are working resolutions through their respective legislatures, and the status of each bill.
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