New Home/First-Time Buyer California Tax Credit
Important Update (05/13/10): The 2010 New Home Credit and First-Time Buyer Credit begins May 1, 2010.
FROM THE STATE OF CALIFORNIA – FRANCHISE TAX BOARD
Due to the high volume of faxes we are receiving, you may experience some delays or difficulties in connecting to our fax number during normal business hours. It can take several minutes or possibly up to an hour to connect and transmit the fax. If you receive a busy signal, try again later. Check your fax confirmation to make sure all pages were transmitted successfully and keep a copy of the fax confirmation. Our fax number is open 24 hours a day so you may fax your application to us during non-business hours when the line is not so busy.
Applying for the 2010 New Home/First-Time Buyer tax credits: Applications must be faxed after escrow closes. We will deny the application if the 2009 form is used, we receive the 2010 application before May 1, 2010, or we receive the application before escrow closes. (Updated 04/28/10).
The New Home / First-Time Buyer Credits are available only for purchases that close escrow on or after May 1, 2010.
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