california homebuyers credit: California $10,000 Homebuyer’s Tax Credit - Another View Point
- 04/07/10 04:49 AM
If you are ostensibly bankrupt, does a $10,000 credit sound like good news? You bet. Unless of course you are the state government that is exhibiting all signs of bankrupt status and you are giving away another home buyer’s credit to homeowners in the state. The CA governor has signed another home buyer’s credit bill which doesn’t make a whole lot of sense for CA from a financial standpoint. The new (some say extension of the 2009 new home credit) bill, AB 183 will provide $200 million for home buyer tax credits, allocating $100 million for qualified first-time home buyers of … (2 comments)
california homebuyers credit: California Homebuyers Tax Incentive Funds Depleted … Should We Increases Taxes and Fees to Pay More?
- 07/03/09 03:40 PM
California legislators put a hundred million dollars on the table for first time homeowners to grab. Were they surprised when takers actually accepted the offer? Apparently this is so. They are now attempting to put more money in the coffers for this give-away. The program is a tax credit that spreads across three years, in three equal payments, for buyers of new homes. The definition of new home is that it must be a single family residence, detached or attached, and never previously occupied. After purchase, the buyer must occupy the property for a minimum of two years and receives a … (4 comments)
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If you are ostensibly bankrupt, does a $10,000 credit sound like good news? You bet. Unless of course you are the state government that is exhibiting all signs of bankrupt status and you are giving away another home buyer’s credit to homeowners in the state.
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