State Senators passed a bill Thursday that's designed to get the real estate market moving in Georgia.
The measure would give taxpayers who buy an existing home up to a $3,600 credit. But the incentive would only apply for six months after becoming law.
Republican Senator Chip Pearson says he wants to lure people into the housing market to kick-start Georgia's ailing economy.
"It's really a double-edged sword in that if we do not stabilize the housing prices and values and then start a recovery in those values, we will continue to stay in this depressed situation that we're in..."
But opponents of the bill say tax break will do more harm than good to the state's budget. And Senate leaders are already worried that by 2010, revenues could be in the hole by $3.5 billion.
