Lynn's Blog

  Gov. Schwarzenegger has signed Assembly Bill 183, the Homebuyer Tax Credit legislation, into law. This bill provides $200 million in tax credits for qualified first time home buyers in California. It involves a credit of 5% of the purchase price not to exceed $10,000 . To qualify you must be a ...

There likely will soon be a tax credit of 5% of the purchase price not to exceed $10,000  for home buyers in the state of California. To qualify you must be a first time home buyer of a new  OR existing home and the sale must occur between May 1, 2010 and December 31, 2010.   The bill received wi...