AB 1714: Personal income tax: credit: first-time homebuyer program: required repairs.

The bill provides a tax credit for homebuyers who use a first-time homebuyer assistance program. The credit is equal to 40% of the amount paid or incurred for required repairs, up to $25,000, for each taxable year beginning in 2028 and ending in 2033. This credit is only available once per property and per taxpayer per year. The bill also requires findings and reporting to ensure the tax credit achieves specific goals and objectives, and includes data collection requirements.