Beginning July 24, 2009, Kentucky is offering a $5,000 New Home Buyer State Tax Credit. Purchasers of new homes will be eligible for a $5,000 non-refundable tax credit on new homes that are the owner's principal residence. The qualified buyer will have to submit a complieted application for the credit on forms provided by the Kentucky Department of Revenue who is creating a webiste to explain the credit to the public. The home must close between July 24, 2009 and July 24, 2010 and the form must be submitted within seven calendar days of purchase. Purchasers are defined as anyone other than first time homebuyers.

You also still have an opportunity for a temporary $8000 tax credit for qualified first-time home buyers! This initiative is for homes purchased after Jan. 1, 2009 and before Dec. 31, 2009. Visit our Registered Builder list to choose a General Contractor that can work with you to assure a quality experience. To find out more about the tax credit www.federalhousingtaxcredit.com.

For home improvement, remodeling, or new construction, consider doing business with a member of the Builders Association of South Central Kentucky. We have over 500 members who are committed to creating a quality experience for you! Select Registered Builder to find a General Contractor who can supervise the building or remodeling of your home. Or, search our Associate list to select a member from a remarkable team of industry-related professionals, including designers, decorators, financial services, insurance and title services, attorneys, accountants, real estate agents, electricians, carpenters, architects, painters, utility workers and many, many more.

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