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IHE <br /> I 1 <br /> v �u IIIr1 W .1.1 1 111 <br /> PLEASANTON. DRAFT 2023 Legislative Positions <br /> Bill #and Title Description Recommended TVC <br /> City Position Position/League <br /> Position <br /> recompute for inflation the above-mentioned credit amounts, as <br /> provided. The bill, for credits allowable for taxable years beginning <br /> on or after January 1, 2023, and before January 1, 2028, would <br /> provide that the credit amount in excess of the qualified renter's <br /> liability would be refundable and paid from the Tax Relief and <br /> Refund Account to the qualified renter upon appropriation by the <br /> Legislature. <br /> 19 SB 834 Would enact the California Family Home Construction and Support None/pending <br /> (Portantino) Homeownership Bond Act of 2023 (bond act), which, if adopted, <br /> would authorize the issuance of bonds in the amount of <br /> $25,000,000,000 pursuant to the State General Obligation Bond <br /> Housing: California Law to finance the California Family Home Construction and <br /> Family Home Homeownership Program, established as part of the bond act. The <br /> Construction and bill would authorize the California Housing Finance Agency to <br /> Homeownership award California Socially Responsible Second Mortgage Loans to <br /> Bond Act of 2023. eligible applicants to use as a down payment or to pay closing costs <br /> on the purchase of a new home. The bill would also authorize the <br /> agency to award Family Homeownership Opportunity Infrastructure <br /> Improvement Loans to developers to be used for predevelopment <br /> infrastructure improvements and other upfront costs typically <br /> incurred in connection with new home construction, under specified <br /> conditions. The bill would require that moneys received from a loan <br /> recipient for the repayment of financing provided under the program <br /> be used to pay debt service when due on bonds issued pursuant to <br /> the bond act. The bill would also authorize the agency to issue <br /> revenue bonds for the purposes of financing the program, as <br /> specified. <br /> FISCAL SUSTAINABILITY <br /> 20 AB 52 (Grayson) The Sales and Use Tax Law imposes state taxes on retailers Oppose unless Pending/Watch <br /> measured by the gross receipts from the sale of tangible personal amended <br /> 11 � Pa � r, <br /> Updated 4.10.23 <br />