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A bill being considered by the California legislature will propose a capital gains additional surcharge tax of up to 25 percent on all homes purchased and then sold within the state during the initial seven years of ownership.

United statesSanta claritaPhil nordellaNancy starcyzkR santa claritaNancy starczyckPhil nordella associatesAr california association of realtorsCalifornia associationCalifornia association of realtorsSenate republican leader scott wilkSouthland regional association of realtorsMany homes purchased afterCalifornia speculation actCalifornia assemblymanSanta clarita state senator