Buying an MBK home is always a smart move and now it's one you simply can't afford
to miss.
CALIFORNIA
STATE TAX CREDIT
Take Ten, The California Tax Credit
is Back Buy a beautiful new MBK home by December
31, 2010 and close escrow between May 1,
2010 and August 1, 2011 and you may qualify
for a California Franchise Tax Board tax
credit of 5% of your home’s price,
up to $10,000! To take advantage of this
unprecedented offer, you must live in your
new home for at least 2 full years. The credit
will be available to you in three equal amounts
over the next three years.
Best of
all there are:
 |
No income limitations |
|
No first-time
buyer requirements |
|
No repayments as long as
you live in the home as your primary residence
for at least 2 full years |
 |
You
are a married couple with a joint income
of $225,000 per year or less |
This
credit applies only to the purchase of a newly
constructed, never before occupied home.
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These tax credits represent an incredible opportunity
so visit your MBK home neighborhood today, and
stake your claim on a beautiful new home and
special tax credits that make buying your
new MBK home smarter than ever!
**The California state
tax credit applies over a 3 year period, is for up to $10,000 or 5% of
the purchase price of a newly built home, whichever
is less, and is available for homes that close
escrow (i) after May 1, 2010 and on or before
December
31, 2010 or (ii) on or before August 1, 2011,
pursuant to an enforceable contract executed
on or before December 31, 2010. The credit pool
is limited to $100M and will be applied on a first
come, first served basis. Not all buyers will
qualify for the state tax credit. The information
for the federal and state tax credits set forth
herein does not constitute the provision of legal
or tax advice nor should it be construed as such.
Since individual tax and financial circumstances
will vary, before making any decision or taking
any action on this information, you should consult
qualified legal, financial and tax advisers to
determine whether you will qualify for all or
any portions of the federal and/or state tax
credits. MBK Homes cannot (and does not) make
any assurances or promises regarding the availability
of the California tax credit. The FTB has
the ultimate authority to determine whether or
not a homebuyer will receive the credit. The
homebuyer will be solely responsible for submitting
all paperwork required by the FTB within the time
periods required by the FTB. A homebuyer's obligation
to complete the purchase of a home is not
conditioned on the homebuyer's qualification
for this credit. For additional information about
qualification procedures established by the FTB, go
to their website at http://www.ftb.ca.gov.
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