$10,000 CA New Home Tax Credit Update

by Meredith Martin | 3 comments so far
Mar
5

Here is more detailed information on the California new-home tax credit. The information comes from this CA government webpage:

Tax Credit for New Home Purchase

This tax credit is available for qualified buyers who on or after March 1, 2009, and before March 1, 2010, purchase a qualified principal residence that has never been occupied. The buyer must reside in the new home for a minimum of two years immediately following the purchase date.

Read entire Tax Credit article

Tax Credit for New Home Purchase [Franchise Tax Board]
$10,000 New Reasons to Buy a New Development This Year [SFHomeBlog]

This entry was posted on Thursday, March 5th, 2009 at 1:01 am and is filed under SB 15XX, Tax Credit for New Developments. 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.

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3 Responses to “$10,000 CA New Home Tax Credit Update”

  1. So does this apply to new condos? It means single family attached, but I don’t know if that means condos or something else.

    If it doesn’t include condos it sure seems like yet another way the state government encourages sprawl over density.

    Anonymous at March 5th, 2009 at 4:49 pm ( )

  2. My understanding is that it will primarily be used for new home condo purchases (homes and condos being interchangeable here) as they are the majority of new home sales. Signature Properties was a key factor in getting this through the CA state budget and they have numerous condominium developments throughout the state struggling for sales.

    Meredith Martin at March 5th, 2009 at 7:04 pm ( )

  3. http://www.sfhomeblog.com/2009/02/10000-new-reasons-to-buy-new.html

    Read through that – I should have linked to it at the end of this one sorry about that.

    Meredith Martin at March 5th, 2009 at 7:06 pm ( )

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