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News

West Nile fogging commences Sept. 2

West Nile fogging commences Sept. 2


Courtesy of the Santa Clara County Vector Control District
Fogging commences Wednesday within the highlighted area.

The detection of West Nile Virus-infected mosquitos means that Santa Clara County officials will begin mosquito fogging operations...

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Schools

LASD trustees reopen negotiations with Los Altos Teachers Association

The Los Altos School District Board of Trustees last week directed staff to reopen negotiations with the Los Altos Teachers Association, a move intended to shore up the district’s financial picture.

According to the district’s current co...

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Community

LA teenager crowned Miss Golden State, advances to national pageant in Florida

LA teenager crowned Miss Golden State, advances to national pageant in Florida


Alicia Castro/Town Crier
Alexandra McCarthy, crowned Miss Golden State Teen in July, earned “Ms. Personality” honors from her peers.

Alexandra McCarthy has a ways to go before reaching her coveted role as a U.S. Supreme Court justice. Bu...

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Sports

After rough year, Eagles aim to soar once more

After rough year, Eagles aim to soar once more


Megan V. Winslow/Town Crier
Los Altos High senior running back Patrick Vargas snares a pass in practice last week.

Don’t dismiss the Eagles. Coach Trevor Pruitt is adamant that his Los Altos High football team will be better than expected.

&#...

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Comment

Car spotting 2015: A Piece of My Mind

When I was a kid, September was exciting, almost like Christmas, because that was when the Big Three automakers would reveal the new models for the upcoming year.

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Special Sections

Loving on the Edge

Loving on the Edge


Courtesy of Ford
The Ford Edge has been redesigned for 2015. Ford lengthened the wheel base and added cargo space, among other things. The Titanium model sells for approximately $42,000.

Once in a while, a vehicle we test-drive is just right for our...

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Business

Wine bar aims for October opening

Wine bar aims for October opening


Rendering courtesy of Honcho
Honcho, the wine and beer lounge on First Street, expects an October launch. A rendering of the space reveals the interior layout, which includes bar and lounge-style seating.

A downtown libations lounge that anticip...

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People

LOIS CAROLINE WALLES

LOIS CAROLINE WALLES

November, 1928

Lois lost a long and courageous battle with a prolonged illness on July 14th, 2015. She passed away knowing how well she was loved. She was always the life of the party and loved bringing everyone to her home for dinner or an event,...

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Travel

Carmel Valley Ranch unveils upgrades

Carmel Valley Ranch unveils upgrades


Courtesy of Carmel Valley Ranch
Carmel Valley Ranch recently upgraded its Vineyard Oak suites, which feature sweeping views, rocking chairs and private outdoor tubs for soaking under the stars.

Things are heating up at Carmel Valley Ranch, with 30 n...

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Stepping Out

'Dead Man' comes alive at Bus Barn

'Dead Man' comes alive at Bus Barn


Richard Mayer/Special to the Town Crier
The cast of Los Altos Stage Company’s “Dead Man’s Cell Phone” includes, from left, Marjorie Hazeltine (as Hermia), Kristin Walter (Jean) and Adrienne Walters (Carlotta).

Los Altos Stage Company opens its ...

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Spiritual Life

Inside Mountain View

MV actress/playwright Garvin wins NY festival award for

MV actress/playwright Garvin wins NY festival award for "Corners Grove"


Courtesy of Undiscovered Countries
Kaela Mei-Shing Garvin received a New York arts festival award for a featured role in “Corners Grove,” a play she wrote.

New York recognized that one of Mountain View’s own can “make it there” when the Planet C...

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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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