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CA AB1714
Bill
Status
Introduced
2/4/2026
Primary Sponsor
David Tangipa
Click for details
AI Summary
- Creates a state tax credit of up to $25,000 for sellers who pay for repairs required to close a sale to buyers using California Housing Finance Agency first-time homebuyer assistance programs
- Covers only repairs mandated by lender appraisals, property inspections, or health and safety financing requirements—excludes cosmetic improvements, remodeling, landscaping, or aesthetic upgrades
- Applies to taxable years beginning January 1, 2028, through December 31, 2032, with unused credits carrying forward to subsequent years
- Requires the Franchise Tax Board to report by December 1, 2033, on the number of returns claiming the credit and total dollar amount claimed
- Takes effect immediately as a tax levy and automatically repeals on December 1, 2033
Legislative Description
Personal income tax: credit: first-time homebuyer program: required repairs.
Last Action
Referred to Com. on REV. & TAX.
2/23/2026
Committee Referrals
Revenue and Taxation2/23/2026
Full Bill Text
No bill text available