Another Tax Credit Extension in the works?!?

During his State of the State address, Governor Schwarzenegger today announced his 2010 proposals for California. Included in the proposals is a recommendation to set aside $200 million for a new round of $10,000 state tax credit by including both new and existing homes. Last year's tax credit only applied to new homes.

The tax credit could be combined with the recently extended and expanded federal tax credit for home buyers. The current first time home buyer tax credit is set to expire this March.

For more info, go to:
http://gov.ca.gov/press-release/14124/