Doesn’t sound to me like the individual payouts will be capped based on how many people claim the credit … I think they’ll only deduct 57% or 70% from the $100 million total for the purpose of deciding when to stop accepting applications.
Granted the state credit isn’t quite as much of a gimme as the federal credit … but if I could’ve possibly delayed escrow in order to get it, I would’ve done so. I still think both credits are bad for taxpayers, but my principles aren’t quite strong enough to compel me to turn down free money.
