# The tax credit is 10% of the purchase price up to $15,000.
# The tax credit is for one year (from date of enactment).
# The credit is available for both new and existing home purchases.
# This is for primary residences only, and the home must be owner occupied for two years after purchase.
# There is no income cap (the $7,500 tax credit had an income cap of $150,000 per year).
# Unlike the $7,500 tax credit, the new credit does not have to be repaid over time.
# The credit is limited each year to the amount of taxes paid in any one year (with the $7,500 tax credit, buyers received the entire credit and a refund if the $7,500 was greater than taxes for the year)
# Buyers can split the $15,000 into two separate tax credits to be taken in successive years.