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: 2026-04-27
Official status: In committee: Set, final hearing. Held under submission.
Effective date: Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

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

AB 1714, as amended, Tangipa.

What This Bill Does

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.

Limits and Unknowns

This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

2026-04-27 California Legislative Information
In committee: Set, final hearing. Held under submission.
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