Governor Schwarzenegger today signed AB 183, providing $200 million for
home buyer tax credits. The bill allocates $100 million for qualified
first-time home buyers of existing homes and $100 million for purchasers of new, or
previously unoccupied, homes. C.A.R. supported this important
legislation since its inception.
The tax credit is equal to the lesser of 5 percent of the purchase price
or $10,000, taken in equal installments over three consecutive year…
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Posted on March 25, 2010 at 11:11pm —
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