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New CA Bill AB 1338

Posted by jom-CA on May 19, 2003 at 8:14 PM

Hi Ward

I was wondering if you heard about the new bill in the CA legislature requireing WITHOLDING for the sale of a personal residence? This is similar to the one enacted on 1/1/2003 except it requires witholding if you sell your own property. Here is a link:

http://www.leginfo.ca.gov/pub/bill/asm/ab_1301-1350/ab_1338_bill_20030501_amended_asm.html

I did not have a chance to read thru all this mucky muck but someone knowledgable at our investors meeting gave a quick update to us awhile back. I was just wondering if you had heard anything about this.

Thanks

John M.


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