Homebuyer tax credits totaled $391M in Tennessee!

Tennessee benefited from $391 million in homebuyer tax credits, a Government Accountability Office report said.

The watchdog spending group sent a letter to Rep. John Lewis, chairman of the subcommittee on oversight and committee of ways and means, in the report, which states more than $20 billion was claimed in homebuyer tax credits nationally.

Tennessee ranked 13th nationally in total tax credits received. California claimed nearly $2 billion in tax credits, the report said.

Neighboring states Kentucky, Georgia, Alabama and Mississippi brought in a respective $219 million, $538 million, $231 million and $139 million.

Tennessee also ranked 13th nationally in tax credit dollars claimed per resident based on 2009 population figures at $62.16. Nevada’s residents saw the greatest dollar per resident figure at $89.74 in homebuyer tax credits



Read more: Homebuyer tax credits totaled $391M in Tennessee - Nashville Business Journal