If your buyers plan to apply for the state tax credit, they need to hurry. According to the Sacramento Bee, the state Franchise Tax Board has received nearly 16,000 applications and reservation requests totaling about $103 million, as of Tuesday. The state has allocated $100 million for the credit.
But the board is encouraging buyers to continue applying for the credit since many of the submitted applications are duplicates. The board plans to accept at least 24,000 applications from qualified buyers of new homes to ensure that the full $100 million is exhausted.
So today's word of the day? Hurry!
Photo credit: ambert