The Santa Barbara Groups Real Estate Blog

New California Home Buyer Tax Credit
March 29th, 2010 11:17 AM
Hot off the presses.  Gov. Schwarzenegger just signed this new bill into law just a few hours ago.  Please spread to the word to anyone you know who could benefit from up to a $10,000 Tax Credit on their California State Taxes.

The credit is for up to $10,000 and is for both new AND existing homes.  The California credit takes over May 1 right after the Federal Credit expires on April 30.

It’s similar to the state credit from last year but the budget has been doubled to $200,000,000.  Last year’s budget of $100,000.000 was used up 8 months before its expiration so buyers should hurry and buy their home before the entire $200 Million is used up.

Here’s the link the article with the most information and detail.

http://lansner.freedomblogging.com/2010/03/25/gov-signing-new-homebuyer-tax-credit/60627/
Posted by Joe Parker on March 29th, 2010 11:17 AMPost a Comment (0)
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