State could offer a $10,000 tax break for buyers of new homes
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California lawmakers started back up today trying to secure one last vote for a $42-billion budget-balancing plan. From ‘One vote shy, state budget still in limbo’ today at latimes.com:
... Two Senate Republicans were expected to vote for the package -- Dave Cogdill of Modesto, who played a role in negotiating the deal, and Roy Ashburn, a Bakersfield Republican in his final term. Among the concessions Ashburn won was a proposed $10,000 tax break for new home buyers.
Update: Thanks to commenter Cal for the link to the bill. As Cal correctly points out, it is for the purchase of newly built homes -- must be a principal residence bought on or after March 1 this year and before March 1 2010.
-- Lauren Beale
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