Sen. Johnny Isakson — the Georgia Republican whose previous attempt to boost the first-time homebuyer tax credit to $15,000 was shot down in the House — hasn’t given up on the idea.

Isakson, the former president of Northside Realty, has introduced a bill that would not only raise the tax credit’s current $8,000 cap, but make it available on any purchase of a primary residence — not just to first-time homebuyers. The bill would also eliminate the current income ceilings of $75,000 for individuals and $150,000 for couples.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top