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California State Franchise Tax Board
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Legislation introduced to extend $10,000 new home tax credit (The Desert Sun)
State lawmakers and the California Building Industry Association announced new legislation has been introduced to bolster the $100 million pool on the $10,000 state tax credit to $300 million. Calif. new-home buyers' tax credit may get boost (San Diego Union-Tribune)
Builders and members of the Legislature yesterday proposed to triple the funds set aside in February for a $10,000 new-home-buyer tax credit because more than half the money has already been committed. Builders rally for extension of tax credit for buyers (The Bakersfield Californian)
Home builders are pushing state legislators to extend a popular state income tax credit of up to $10,000 for the purchase of new single family homes. Under an existing program that began in March, buyers of new homes can receive a tax credit of 5 percent of the value of the home, not to exceed $10,000. The program runs through March 1, 2010, and is capped at $100 million. Lawmakers eye adds to new-home tax credit (San Francisco Chronicle)
Three months after the California Legislature created a state-tax credit for new-home purchases, a group of lawmakers - backed by home builders - is pushing to expand or extend it. One bill, AB765, would add $200 million to the $100 million originally... Related: Tax credit - California State Legislature - Tax - Business - Accounting California asked to triple new-home tax credit (The Sacramento Bee)
Surprisingly strong demand for a $10,000 state tax credit to help Californians buy new never-occupied homes prompted legislation Wednesday to triple the amount of funds for the buyer credit to $300 million. Bill seeks to expand new home tax credit (The Sacramento Bee)
California homebuilders, buoyed by demand for a $10,000 homebuyer tax credit that began in March, announced new legislation introduced Wednesday to add another $200 million to the original $100 million program. Auditors Beef Up Efforts To Track Down Tax Evaders (CBS 13 Sacramento)
Thousands of jobs have been cut to close California's $15 billion deficit. But some say it didn't have to get to this point. That's because the cash-strapped state is owed more than $6 billion in back taxes. Progress reported on studio; filming may start in 18 months (Boston Globe)
PLYMOUTH - In the coming months, timing will be everything for a group of California film executives looking to build a $500 million movie and television studio on a golf course in Plymouth. And if deadlines are met, movie stars and producers could be plying their craft in America's Hometown within the next 18 to 24 months. Cash-Strapped California May Sell San Quentin (FOX 11 Reno)
SACRAMENTO -- When California lawmakers plugged the state's deficit in February, they gave Gov. Arnold Schwarzenegger a little wiggle room to release a new budget. California governor plans to sell state properties to raise cash (People's Daily)
California Governor Arnold Schwarzenegger plans to sell the Los Angeles Memorial Coliseum, San Quentin State Prison, the Orange County Fairgrounds and other state properties to raise cash amid the state's growing fiscal crisis, it was reported on Thursday. The sale of the properties would raise between 600 million and one billion dollars, although it would not provide financial relief for two to ...
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