New NAR Call for Action: It’s Not too Late to Influence
Congress on Tax Reform
December 5, 2017 – Thanks to our members’ engagement, REALTORS have helped positively influence tax reform in some key areas. For example, both the House and Senate have agreed to maintain deductibility of state and local property taxes up to $10,000, and to maintain Section 1031 tax-deferred exchanges in their present form for real estate investments.
BUT OUR WORK IS NOT DONE. We still have an opportunity to influence Congress to help make the tax reform bill more favorable to homeowners and consumers. Now that both the House and Senate have passed The Tax Cut and Jobs Act, a Conference Committee will begin to address the differences between the two bills. Important improvements in the legislation are possible by encouraging Congress to maintain the current law for the mortgage interest deduction and capital gains exclusion. Retaining current law makes the bill more favorable to homeownership.
Click below to Take action to tell Congress to protect middle class homeowners.
More information: NAR Tax Reform Portal
REALTORS® Political Action Committee (RPAC)
RPAC, the REALTORS Political Action Committee, is a voluntary, non-partisan organization dedicated to the preservation of private property rights through support of pro-real estate candidates. Candidates who receive support from RPAC are not selected based on their political party or ideology, but solely on their support of real estate issues. Our legislative allies are members of the REALTOR® Party. The REALTOR® Party supports the issues that are important to you as a REALTOR®, regardless of political party affiliation. RPAC enables REALTORS® to support candidates that support the issues that are important to your profession and livelihood.
Sign Up for REALTOR Party Mobile Alerts
Text “REALTOR” to 30644 or sign up online to receive REALTOR® Party mobile text alerts. Only 3-5 times per year NAR will send you short text messages when we need you to take action on important real estate issues. You can contact your representatives and take action right from your device! Members that sign up and take action will help bring a strong and united REALTOR® voice to Members of Congress so that we will be heard loud and clear!
Click on the following link for a summary of legislative issues CTR will be addressing this year. Issues include conveyance taxes, efforts to lower property taxes, opposition to a mileage tax, energy efficiency and radon reporting mandates, mandatory sprinkler and smoke detector requirements – 2017 Legislative Issues
NHMR held a very successful Legislative Breakfast where members had the opportunity to voice our concerns on the issues that impact Connecticut’s housing industry, private property rights and job growth in our state. The number of members attending and the dialogue that we created sent a clear message to the legislators that represent us. Read the article in the New Haven Register and view photos from the event here.