Hot off the presses. Governor Schwarzenegger has signed new legislation for a new tax credit for California residents. 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.
Click here for full details.
Posted By: 
Bill Wygant
Tags: $10, 000 tax credit, buying a home in california, california legislation, california state taxes, california tax credits, current tax credits, existing homeowner tax credits, first time home buyer tax credits, governor schwarzenegger
Filed Under: Bill Wygant, San Francisco
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