Laserfiche WebLink
Real Property Transfer Tax Rebate Program <br />ion Item 2 <br />ie program is scheduled to end on June 30, 2003 subj <br />Council review. <br />Factors Considered <br />Sets a definite timeline for reevaluating the program <br />given the uncertainty of the program's fiscal impact <br />I• Gives Council the flexibility to modify the program <br />based on economic conditions on the "sunset" date <br />IGM410--_ Real Property Transfer Tax Rebate Program <br />Discussion Item 3 <br />first-time homebuyer is defined as someone who has <br />not owned a home for at least three years. <br />Factors Considered <br />• Based on California minimum standard used for many <br />State funded programs <br />• Easily verified through income tax records <br />• Consistent with City's first-time homebuyer guidelines <br />3 <br />345 <br />