3/25/2010 Mercury News: Schwarzenegger signs homebuyer tax credit bill

"The governor signed a bill... It provides a state tax credit to first-time homebuyers who buy new or existing homes from May 1 until the end of 2010..."

"The new bill makes another $100 million available for buyers of new homes and $100 million for those who buy existing homes."

For details on qualifying and claiming the California tax credit, please check the California Franchise Tax Board web page.