Governor Arnold Schwarzenegger Signs Extended Tax Credit for California Homebuyers
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...
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