Arn Cenedella

More info on new California $10,000 tax credit

In an earlier post, i wrote about a recently passed California State Franchise Tax Board $10,000 credit for the purchase of a NEW principal residence. This credit is available to all purchasers of a NEW house or condominium.

Kappy Mann from beautiful Truckee Lake Tahoe area (where I will be going for a week of skiing with my buddies next Monday) has obtained lots of wonderful detailed information that explains the entire process including what paperwork to file at close. Check it out. Thanks for the good information.

This credit as well as the $8,000 Federal Tax Credit will be one of the many topics I discuss in my up-coming First-Time Home Buyer Information and Opportunity meetup March 21, 2009.

This entry was posted on Monday, March 2nd, 2009 at 11:30 pm and is filed under Credit Information, Helpful Sites, Inspiration, Pending Legislation, Real Estate Finance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

1. Chris Molnar said at March 3rd, 2009 at 8:59 am

   Great information. A wonderful opportunity to buy into a new townhome with 3 bedrooms/2.5 bath in San Mateo at Barneson Place where additional incentives from the builder are available. Prices range from $890,000-$920,000.

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