Sat07042015

News

Effective today, library cards free again in Los Altos

Both Los Altos libraries should see a spike in use soon. After the elimination of an $80 annual card fee that had been in place since 2011, nonresidents will receive free library cards at local libraries, effective today.

Residents of Mountain View ...

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Schools

Almond fifth-graders set sail at Shoreline

Almond fifth-graders set sail at Shoreline


Courtesy of Corinne Finegan Machatzke
Fifth- graders at Almond School launched the boats they designed and built at Shoreline Lake last month.

Almond School fifth-graders boarded their handmade boats at Shoreline Lake in Mountain View last month to...

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Community

Taking it back to 'The Streets': Local filmmaker aims to revive 1970s series 'Streets of San Francisco'

Taking it back to 'The Streets': Local filmmaker aims to revive 1970s series 'Streets of San Francisco'


Courtesy of Charles Alley
Charles Alley’s filmmaking company may be based in Mountain View, but he knows all about “The Streets of San Francisco.” He’s rebooting the 1970s TV classic.

When people look for the next hit TV show, they often assume ...

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Sports

Enjoying the moment


Courtesy of Dick D’OlivA
Former Golden State Warriors trainer Dick D’Oliva, from left, wife Vi, former Warriors assistant coach Joe Roberts and wife Celia ride on a cable car in the victory parade.

Dick D’Oliva almost couldn’...

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Comment

The death knell of suburbia: A Piece of My Mind

The orchards are gone. The single-story ranch house is seen as a waste of valuable land and air space. An eight-lane freeway thunders past the bridle paths in Los Altos Hills. But nothing has signaled the death of suburbia more strongly than the ann...

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Special Sections

While competent & safe, MKC still can't catch European competitors

While competent & safe, MKC still can't catch European competitors


courtesy of Ford
The 2015 Lincoln MKC doesn’t overwhelm as far as overall performance goes, but it does offer comfortable ride quality.

Of all the auto companies with headquarters in the United States, only Ford managed to weather the great re...

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Business

Company installs EV charging stations at LAHS

Company installs EV charging stations at LAHS


Courtesy of Green Charge
Officials from Los Altos, Los Altos Hills and the Mountain View Los Altos Union High School District celebrate the installation of electric-vehicle charging stations at Los Altos High last week.

The Mountain View Los Alto...

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Books

People

HILDA CLAIRE FENTON

Hilda Claire Fenton, beloved wife and mom to 9, grandmother to 30 and great grandmother to 22, passed away June 20 following a long illness. She was 90.

Hilda was born Sept. 28, 1924, to Lois and Gus Farley then of Logan, W. Va. While she was still ...

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Travel

Venetian spa offers ways to de-stress

Venetian spa offers ways to de-stress


Courtesy of The VEnetian
The HydroSpa in the Canyon Ranch SpaClub at The Venetian in Las Vegas offers a muscle-relaxing bath and radiant lounge chairs.

Vegas cab drivers usually ask if you won or lost as soon as you get in their vehicles. They assum...

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Stepping Out

Cast carries 'Arcadia'

Cast carries 'Arcadia'


Courtesy of Pear Avenue Theatre
“Arcadia” stars Monica Ammerman and Robert Sean Campbell.

The intimate setting of Mountain View’s Pear Avenue Theatre proves the perfect place to stage “Arcadia,” allowing audience members to feel as though they a...

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Spiritual Life

Magazine

Living it up Older adults aim to age in place

Living it up Older adults aim to age in place


Megan V. Winslow/Town Crier
Local enthusiasts flock to the Los Altos Senior Center to play bocce ball. The center hosts informal games four days a week and occasional tournaments.

As baby boomers in Los Altos, Los Altos Hills and Mountain View nose...

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Inside Mountain View

Carrying the torch

Carrying the torch


Members of the Mountain View Police Department carry the Special Olympics torch as they run along El Camino Real between Sunnyvale and Palo Alto June 18. Members of the department participate in the relay annually to show their support for Spec...

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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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