On 11 May, Governor Sonny Perdue signed in to law House Bill 261 - authorizing something that went beyond the Federal version. The Georgia credit does not require one to be a first-time homebuyer, and there are no applicable income limits.
There are some restrictions - most notably the fact that buyers must purchase single family residences, but it is open to any resident who purchases a home between June 1st and November 30th of 2009.
Another important restriction is that the home purchased MUST have been available for sale on or prior to May 11th of 2009. A primary intent of the bill is to reduce housing stocks, so I understand the motivation if not the execution. There are some exceptions from what I understand - you can purchase a home that may not have been on the market providing it was in pre-foreclosure on the May 11th date.
Good news for Georgia buyers! Another benefit? This credit has no bearing on receipt of the Federal First Time Homebuyer Credit - so if you meet criteria for both, you get both.