It seems that there has been updated info about this in just the last few days.. (??)
Not sure if this differs from what was discussed then..
In an April 13 memo, FTB Executive Officer Selvi Stanislaus said: “Under current law, the deductibility of real property taxes is generally a matter of federal law to which California conforms. As such, the FTB will be waiting to review the revisions to the IRS forms and publications to provide comparable revisions to California tax form instructions. The FTB does not anticipate that these revisions will be made prior to the due date for 2011 tax returns (April 17, 2012). We will remove material from our website that limits the deductibility of real property taxes to taxes imposed on an ad valorem basis. We are also revising our tax form instructions to reflect this update. Once the IRS forms and instructions are revised we will provide revised California forms and instructions that are consistent with the revisions made by the IRS.”
