The governor of California has signed legislation providing a $10,000 tax credit to taxpayers who buy a qualified residential property between May 1 and Dec. 31, 2010.

Assembly Bill 183 sets aside $200 million for the program: half for first-time buyers of resale homes, and half for buyers of new, never-occupied dwellings.

Source: Realty Times, Bob Schwartz (04/19/10)