The $5,000 State Tax Credit for the purchase of a new home passed in the 5KstateTaxlast Special Legislative Session went into effect July 26th, 2009 and will last for all homes closed before the $25,000,000 is exhausted or July 26th, 2010.

The Kentucky Department of Revenue has a form the buyer must fill out at closing and fax in within seven days. You can access that form and additional information at www.revenue.ky.gov.