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New $10,000 State Tax Credit
Governor Arnorld Schwarzenegger returned to Granville's La Ventana community in Fresno, where he kicked off his campaign to extend and expand the hugely successful homebuyer tax credit, to sign legislation that will do just that. AB 183, authored by Assemblymember Anna Caballero (D-Salinas) and Senator Roy Ashburn (R-Bakersfield), will provide a tax credit up to $10,000 to Californians who are purchasing a brand new home or their first home. This legislation, part of the Governor's larger California Jobs Initiative, will play a key role in getting our economy moving again by encouraging home ownership and stimulating job creation.
Quick Facts
» $10,000 State Tax Credit For New Home Buyers
» $10,000 State Tax Credit For First Time Buyers
» Credit Begins May 1, 2010
» Credit To Be Applied In Equal Parts Over A Period Of Three Years
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