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Governor Jerry Brown decided to VETO the AB (assembly bill) 99!!
On 10/10/2015, Governor Jerry Brown has not signed the bill for those that are losing their home to be exempt from paying taxes on the lost. Our governor feels it will benefit the state more if you short sale your property and pay taxes on fund you have NEVER received!
Can you imagine, someone feeling like your "loss" will benefit someone else's pocket?
Let's discuss where this could possibly lead the Real Estate market! Is there a possiblity that this can be overturneed? Tune in and listen!! Have questions? Make sure to call in!!
Check out all 9 bills that either create new tax credits OR extends existing tax credits https://www.gov.ca.gov/docs/AB_88_Veto_Message.pdf
#1471540 Pro-One Investments
