RBOC continues to oppose the AB 71 [Chiu] provision that would eliminate the state tax deduction for mortgage interest on second homes.
The California Association of Realtors, the Howard Jarvis Taxpayers Association, and others are also advocat¬ing in opposition to this provision.
RBOC is concerned that AB 71 would discourage individuals from investing in a recreational vessel. This would have a direct, negative impact on the future purchase of recreational vessels, the multibillion dollar state boating industry including ancillary products and services, as well as the economic health of many communities across the state that rely on revenues generated by boaters.

RBOC Working to Preserve Second Home Mortgage Interest Deduction