California - $8k & $10k Tax Credit Information
REAL ESTATE & BUILDING PROFESSIONALS
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Federal $8,000 & State $10,000 Housing Tax Credit
California's housing problems required a bold move and the new recently approved Senate Bill by Senator Roy Ashburn might be the answer. The bill makes provision for a tax credit of up to $10,000 for a newly built, single family home. For more information - NBN Online Details
Some of the main requirements: 1) Newly built, single famly home; 2) Principle Residence ; 3) Time frame to purchase March 1, 2009 - March 1, 2010; 4) $100,000,000 at $10,000 each equals 10,000 homes; 5) Claim tax credit over 3 years; 6) Starting in year 2009; Claim $3,333 tax credit per year.
First-time home buyers in California are allowed to take both the Federal $8,000 housing tax credit that was just signed by President Obama and the State of California $10,000 housing tax credit.
Real Estate & Building Professionals:
Brookfield Builders
Fresno Kings Madera Tulare
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Disclaimer - The information on this website is for general purposes only and you should seek professionals in buying a new home. The federal tax credit or other tax benefits information should be reviewed with your accountant or other professionals. The information is presented with no guarantee of the total or correct information on the subject.