by uspost
Cash-starved California just came up with $200 million more to throw at the housing market.
On Thursday, Gov. Arnold Schwarzenegger enthusiastically signed a bill that will award an estimated $200 million in state income tax credits to people who buy a home starting May 1. The credit is worth up to $10,000, spread evenly over three years. The credit is available to anyone who buys a newly built home or to first-time home buyers who buy a newly built or existing home.
Cash-starved California just came up with $200 million more to throw at the housing market. On Thursday, Gov. Arnold Schwarzenegger enthusiastically signed a bill that will award an estimated $200 million in state income tax credits to people who buy a home starting May 1. The credit is worth up to $10,000, spread evenly over three [...]
Some home buyers get new state tax credit
Some home buyers get new state tax credit
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