On February 20th, 2009 the State of California passed a new budget which amends the State Tax Code to include a $10,000 tax credit for the purchase of a "New Home". A new home is simply one that has never been lived in before and certified by the builder/seller as such. With no first time homebuyer or income restrictions this tax credit is a welcome incentive to California home buyers and to those that also qualify for the Federal Tax Credit brings the total incentive for buying a home in the next year to $18,000!