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Home Builders Applaud Congress on Extending Home Buyer Tax Credit

Green Home Design Architect

30 deadline and expand it to a wider group of home buyers,” said NAHB Chairman Joe Robson, a home builder from Tulsa, Okla. Today’s action by Congress will further stabilize housing and the economy by creating new jobs, stimulating home sales, reducing foreclosures, cutting excess inventories and stabilizing home prices.”

NAHB 40
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State by State Incentives Guide

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Inventory is exempt from property tax. Income Tax Capital Credit: The Income Tax Capital Credit has been available since 1995. The enterprise zone credit is equal to $2500 per permanent new employee and can be applied against the income tax and/or business privilege tax liability. The rates range from $.25 25 to $1.75

Income 108
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STATE INCENTIVES GUIDE

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INCOME TAX CAPITAL CREDIT: Currently codified as Article 7, Chapter 18, Title 40, Code of Alabama 1975. It is a credit of five percent of the capital costs of a qualifying project, to be applied to the Alabama income tax liability or financial institution excise tax generated by the project income, each year for 20 years.

Income 75
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Oklahoma Incentives and Workforce Development Guide

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In addition to requiring health insurance coverage, the thresholds include a requirement to create $2.5 At least 51% of the new jobs must be made available to low and moderate-income persons. It provides a “credit insurance” reserve for Oklahoma banks through a fee matching arrangement for loans enrolled in the program.