New CA Homebuyer Tax Credit up to $10,000. AB 183 AB 183 picks up when the $8000 Federal Tax Credit leaves off - May 1, 2010 If you are under contract by 4/30/2010 and close by 6/30/2010, you might get $18,000. 1. The purchase of a qualified principal residence on or after May 1, 2010 and before August 1, 2011, pursuant to a contract executed on or before December 31, 2010, and before August 1, 2011, pursuant to an enforceable contract executed on or before December 31, 2010, until the $200,000,000 is gone. 2. The amount of the tax credit is the lesser of 5% of the purchase price or $10,000, which means any home over $200,000 in price will be limited to the $10,000 credit. 3. Buyer must live in the home for 2 years or return the money. Contact me if you need any assistance. I'm licensed Real Estate broker. --

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