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C.A.R. Red Alert

posted May 31, 2017, 4:38 PM by Joyce Evans   [ updated Jun 3, 2017, 10:42 AM by Richard D'Ascoli ]
Call your Assembly Member to vote NO on 
AB 71 (Chiu) - Mortgage Interest Deduction for 2nd Homes
C.A.R. is OPPOSING UNLESS AMENDED AB 71 (Chiu) a bill that would eliminate the mortgage interest deduction for second homes to fund an increase in low-income housing tax credits. While C.A.R. supports increasing the amount of tax credits available for low-income housing, the association is opposed to doing so at the expense of the mortgage interest deduction for second homes. AB 71 will be voted on by the entire Assembly as soon as this week!