Mon07272015

News

Cal Water issues Boil Water Advisory for parts of Los Altos

Cal Water issued a Boil Water Advisory to customers in the Los Altos area Sunday (July 26). The drinking water alert warned customers that E. coli and total coliform were found in the local water supply. These bacteria can make a person sick and are ...

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Schools

Foothill STEM camps offer resources for low-income students

Foothill STEM camps offer resources for low-income students


Sana Khader/Town Crier
Students use software connected to a 3D printer, left, to create a miniature San Francisco, including the Ferry Building, below, at Foothill’s STEM Summer Camps.

Expanding efforts to spark and inspire students’ int...

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Community

Local resident cooks her way from cheerleader to Food Fighters

Local resident cooks her way from cheerleader to Food Fighters


Courtesy of the MacDonald family
Amber MacDonald competes on an episode of “Food Fighters,” scheduled to air 8 p.m. Thursday on NBC.

A newly arrived Los Altos family has an unusually public get-to-know-you moment this week – Amber MacDonald and ...

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Comment

Letters to the Editor

Ad-plane flyover marred festival

I hope that other residents who share my concern that the Geico plane flying low over the Los Altos Arts & Wine Festival and our homes for hours on end marred the “fun for everyone” that the Town Crie...

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Special Sections

Heart attack survivor cherishes life after near-death experience

Heart attack survivor cherishes life after near-death experience


Photos Courtesy of Tim Pierce
Los Altos Hills resident Tim Pierce, right with emergency medical responder Steve Crowley, suffered a heart attack in May.

After what Tim Pierce went through recently, no wonder he tries to cherish every moment as if he...

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Business

PAMF debuts cosmetic surgery center

PAMF debuts cosmetic surgery center


John Ho/Special to the Town Crier
The Palo Alto Medical Foundation Center for Cosmetic Surgery at 715 Altos Oaks Drive is the organization’s first center focused solely on cosmetic procedures.

Los Altos’ newest medical office – the...

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Books

Book Signings

• Fritz and Nomi Trapnell have scheduled a book-signing party 4-6 p.m. Aug. 1 at their home, 648 University Ave., Los Altos.

Fritz and his daughter, Dana Tibbitts, co-authored “Harnessing the Sky: Frederick ‘Trap’ Trapnell, ...

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People

CHARLOTTE BARBARA WINGUTH

CHARLOTTE BARBARA WINGUTH

Charlotte Barbara Winguth died July 9 at the young age of 89. She is survived by her 3 daughters Sandy, Karen & Wendi, 5 grandchildren and 2 great grandchildren. She came to Los Altos CA with her husband Ed and 3 children 53 years ago from New ...

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Travel

Gearing up: Make travel more civilized with accessories

Gearing up: Make travel more civilized with accessories


Eren Göknar/Special to the Town Crier
San Francisco-based humangear Inc. sells totes, tubes and tubs for traveling.

In travel, as in romance, it’s the little things that count.

Beyond the glossy brochures lie the travel discomforts too mun...

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Stepping Out

Engineer builds second career as actor

Engineer builds second career as actor


David Allen/Special to the Town Crier
Actors rehearse for Foothill Music Theatre’s “A Funny Thing Happened on the Way to the Forum.” The cast includes, from left, Tomas Theriot, Todd Wright, Mike Meadors and Ray D’Ambrosio. ...

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Spiritual Life

Christ Episcopal pastor departs Los Altos for new post in SF

Christ Episcopal pastor departs Los Altos for new post in SF


Courtesy of Sara BoaDwee
Christ Episcopal Church celebrated the ministry of the Rev. Dr. Malcolm Young and his wife, Heidi, at a farewell luau June 28.

Members and friends of Christ Episcopal Church bid farewell June 28 to the Rev. Dr. Malcolm C. Yo...

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Magazine

Inside Mountain View

Residents gather at NASA Ames for Pluto Flyby event

Residents gather at NASA Ames for Pluto Flyby event


Megan V. Winslow/Town Crier
NASA Ames’ Pluto Flyover event kindles the imaginations of young attendees.

Sue Moore watched the July 20, 1969, moon landing beside patients and staff members of the San Francisco hospital where she worked as a nurse...

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Window closing on state tax credit

The window is closing for prospective California homebuyers to apply for a state tax credit. Earlier this year, legislators created two state tax-credit programs, each allotted $100 million.

As of last week, one of the programs received more applications for tax credits than funded, lowering, but not eliminating, the possibility of more first-time homebuyer credit allocations being issued.

The first state tax-credit program offers a $10,000 credit to first-time homebuyers who purchase homes between May 1 and Dec. 31. The second offers a $10,000 tax credit to buyers who purchase newly built homes after May 1 and before Aug. 1.

“Buyers need to be aware that the funds for the state’s tax-credit programs are limited, that there are specific requirements for each program and that they need to act quickly to take advantage of this opportunity,” said Jeff Bell, president of the Silicon Valley Association of Realtors.

According to the California Franchise Tax Board (FTB), as of June 29, the state has received more than 7,000 new-home credit applications, amounting to only $50 million of the $100 million allotment, and approximately 21,000 first-time buyer applications, amounting to slightly more than the $100 million allotment.

The numbers are estimates, according to the FTB. The board is still accepting applications, because it expects that a number of duplicate, revised or invalid applications will be denied.

Buyers are eligible for the first-time buyer program if they haven’t owned a home in California for three years prior to the purchase date. The property must be eligible for the California property-tax homeowner’s exemption and occupied as the principal residence for a minimum of two years immediately following the purchase.

Buyers are eligible for the new-home credit if the home they purchase is a single-family home or condo that has never been occupied. The same tax-exemption eligibility rules apply.

The state tax credits are available for buyers who purchase a qualified principal residence on or after May 1 and before Jan. 1 – the purchase date is defined as the date escrow closes. If funds are still available, additional credit can be allocated for taxpayers who purchase a qualified principal residence on or after Dec. 31 and before Aug. 1, pursuant to an enforceable contract executed on or before Dec. 31. Those who received a new-home tax credit in 2009 are ineligible to apply for the state-tax credit.

Homebuyers may apply for the credit by faxing applications no more than 14 calendar days after escrow closes. The tax credit is allocated on a first-come, first-served basis, based on the time and date the faxed application is received. The cutoff date for applications will be posted on the FTB Web site 24 hours prior to going into effect, to give applicants time to fax their applications.

State tax credits are limited to the lesser of 5 percent of the purchase price or $10,000 for a qualified principal residence. Taxpayers must apply the total tax credit in equal amounts over three successive tax years – with a maximum of $3,333 per year – beginning with the tax year in which the home is purchased.

Tax credits cannot reduce regular tax below the tentative minimum tax. The tax credits are nonrefundable, and unused credits cannot be carried over.

For more information, visit www.ftb.ca.gov.

The Silicon Valley Association of Realtors provided information for this article. For more information, e-mail Rose Meily at This email address is being protected from spambots. You need JavaScript enabled to view it. .

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