Please ensure Javascript is enabled for purposes of website accessibility

California Bill Would Strip Tax Break for Vacation Homes

SACRAMENTO — California would raise taxes on some homeowners and use the money to pay for homeless services under a bill proposed Thursday. Assemblyman David Chiu, a Democrat from San Francisco, wants to eliminate the mortgage interest deduction on vacation homes. His bill would also lower the amount of mortgage...

Help continue the work that gets you the news that matters most.

Search