AB-1714 • 2026

Personal income tax: credit: first-time homebuyer program: required repairs.

Taxes

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor: Tangipa
Last action: 2026-04-06
Official status: In committee: Set, second hearing. Referred to REV. & TAX. suspense file.
Effective date: Not listed

Plain English Breakdown

The exact details of which specific assistance programs will qualify for this tax credit are not provided in the official summary text, leaving some uncertainty.

First-Time Homebuyer Tax Credit for Repairs

AB-1714 creates a personal income tax credit to help first-time homebuyers pay for required repairs when buying their homes.

What This Bill Does

Creates a new tax credit that helps people who are buying their first home with specific programs.
The credit covers up to 40% of the cost of necessary repairs, but no more than $25,000 per year.
People can only claim this credit once for each year they buy a house and cannot share it between multiple people.
Requires reporting on how well the program works.

Who It Names or Affects

First-time homebuyers who use specific assistance programs
People who need to do repairs before closing on their new homes

Terms To Know

Tax Credit: A reduction in the amount of tax a person has to pay.
First-Time Homebuyer Assistance Program: Programs that help people who are buying their first home with financial support or other benefits.

Limits and Unknowns

The credit is only available from January 1, 2028 to December 31, 2032.
It's not clear which specific assistance programs will qualify for this tax credit.

Bill History

2026-04-06 California Legislative Information
In committee: Set, second hearing. Referred to REV. & TAX. suspense file.
2026-03-24 California Legislative Information
Re-referred to Com. on REV. & TAX.
2026-03-23 California Legislative Information
From committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended.
2026-03-16 California Legislative Information
In committee: Set, first hearing. Hearing canceled at the request of author.
2026-02-23 California Legislative Information
Referred to Com. on REV. & TAX.
2026-02-05 California Legislative Information
From printer. May be heard in committee March 7.
2026-02-04 California Legislative Information
Read first time. To print.

Official Summary Text

AB 1714, as amended, Tangipa.
Personal income tax: credit: first-time homebuyer program: required repairs.
The Personal Income Tax Law allows various credits against the taxes imposed by those laws.
This bill would allow a credit against those taxes for each taxable year beginning on or after January 1, 2028, and before January 1, 2033, in an amount equal to
40% of
the amount paid or incurred, not to exceed $25,000, during the taxable year for repairs that are required as a condition of closing the sale of real property to a purchaser utilizing a first-time homebuyer assistance program, as specified.
The bill would prohibit a taxpayer from claiming more than one credit for a taxable year or more than one taxpayer from claiming the
credit with respect to a property for a taxable year.
Existing law requires any bill authorizing a new tax expenditure, as defined, to include tax credits, to contain, among other things, specific goals, purposes, and objectives that the tax credit will achieve, detailed performance indicators, and data collection requirements.
This bill would include findings and reporting requirements in compliance with this requirement.
This bill would take effect immediately as a tax levy.

Current Bill Text

Read the full stored bill text

Download Bill PDF