Home buyers can claim 5% of the purchase price or up to $10,000 for purchases made between May 1, 2010, and on or before December 31, 2010, or on or aft er *December 31, 2010, and before August 1, 2011. The credit is available to buyers on a first-come, first-serve basis, and it’s applied in equal amounts over a three-year period. Nearly 32,000 California homebuyers can claim state tax breaks of up to $10,000 starting May 1 under a bill signed by Gov. Arnold Schwarzenegger.
San Mateo, CA -- (ReleaseWire) -- 04/14/2010 -- The state legislature has passed assembly bill (AB) 183, which gives the Franchise Tax Board authority to extend $200 million in tax credits to California home buyers.
Buyers of new, unoccupied homes are allocated $100 million in credits, and first-time home buyers of existing homes get another $100 million. Home buyers can claim 5% of the purchase price or up to $10,000 for purchases made between May 1, 2010, and on or before December 31, 2010, or on or after *December 31, 2010, and before August 1, 2011.
The credit is available to buyers on a first-come, first-serve basis, and it’s applied in equal amounts over a three-year period.
FREE information is provided to consumers regarding First Time Homebuyer Tax Credit at
This site is also loaded with FREE REPORTS, an informative home buying guide, mortgage calculators consumers can use to run various loan scenarios and home buying resources you can use to save time and money before and after you purchase your home.
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*Little Known Secrets That Will Show You How To Improve Your Credit Score
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*How To Own A Home With Low Interest Rates And A Low Down Payment, Regardless Of Your Credit
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San Mateo, California - based mortgage expert Mike Ervin specializes in providing information to consumers that allows them to make informed decisions about their mortgage financing options and learn the insider secrets that can save them thousands of dollars over the life of their loan.
Mike Ervin is available for interviews and will welcome all your mortgage related questions.
Call 650-931-0045 for a Free No-Obligation Consultation or visit http://www.californiahousingtaxcredit.com/