Kentucky is offering a tax credit specifically for New (never occupied) home purchases. This tax credit is a state tax credit for any new home purchased between July 25, 2009 and July 26, 2010. This means buyers must close on the home before July 26, 2010. There are a few "fine print" details that buyers need to be aware of when they purchase a new home in order to get the credit. TO CLAIM THE CREDIT: Your qualified principal residence is a single family dwelling; Your qualified residence is purchased to be the principal residence of the qualified buyer(s) for a minimum of two (2) years; You purchase a new home after July 25, 2009 and before July 26, 2010; and, You meet qualifications and receive approval from the Department of Revenue. YOU MAY NOT CLAIM THE CREDIT IF: Your applicati...
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