Proposed California bill would tax nearly all residences sold within 7 years of purchase
California AB 1771 will charge an additional 25% capital gains tax on almost EVERY RESIDENTIAL PROPERTY sold within 3 years of purchase. UPDATE 4/25/22: The bill was heard for the first time by the Assembly Committee on Revenue and Taxation. Their bill analysis reiterated the main points of our official opposition letter: 1) that it [...]