50 States, 50 Tax Incentives?

I'm not sure how many people have heard about this yet. I, myself, only found out about this a few days ago. Apparently, there's been talk of different states individualizing tax credits in order to entice people to move within their jurisdiction. With the end of the nation-wide first-time buyer tax credit approaching (...again), several U.S. states have started to realize that incentive is the way to go (Isn't it always?). I, personally, couldn't agree more. The biggest problem we're facing right now is the abundance of inventory. It seems like it doesn't matter which state you call home, it's the "time to buy" everywhere.

Now, there hasn't been much discussion (from what I understand) as to which states will offer what. However, I'd imagine it would be based on their largest demographic. For example, on Long Island, we have A LOT of first-time buyers. Really, New York, as a whole does. For us, it would probably be most beneficial to continue a similar tax incentive to the one previously offered. However, maybe other states can offer retirement tax breaks or tax breaks for buyers with school-aged children. Whatever it is, the goal is to stimulate the market. To me, this makes a great deal of sense. Because the state will be making the rules, they can continuously amend them to fit the needs of their buyers. Given what a success (I know some of you will argue otherwise...) the first tax credit was, this new concept of enticement is worth a shot. It seems to be the best solution anyone has come up with in quite some time.