Colorado: Transportation Bill Dies in Senate Committee

The transportation bill sponsored by the Democratic Speaker of the House and the Republican Senate President died in the Senate Finance Committee on April 25. HB-1242 would have asked voters to approve a new .50 state sales tax and allowed the State to issue bonds in order to raise $3.5 million for transportation. CDOT wouldContinue reading “Colorado: Transportation Bill Dies in Senate Committee”

2014 Election Most Successful to Date

The 2014 mid-year elections were historic by many measures, but particularly for the NAR and the REALTOR Party. It was NAR’s most successful election to date, winning over 90 percent of the REALTOR Party supported races.  Needless to say, real estate issues stand to be well represented in Congress over the next two years. InContinue reading “2014 Election Most Successful to Date”

Mortgage Debt Cancellation Tax Relief Update

On April 3 the Senate Finance Committee agreed to a bipartisan bill to reinstate close to 50 tax provisions that expired at the end of 2013. Among the real estate provisions included in the “extenders” package are tax relief for mortgage debt forgiveness, 15-year cost recovery for qualified leasehold improvements, election to expense certain qualifiedContinue reading “Mortgage Debt Cancellation Tax Relief Update”

Senate to Tackle Tax Reform

On June 27th the Chairman of the Senate Finance Committee, Max Baucus (D-MT) and Ranking Member Orrin Hatch (R-UT) announced their plan for tax reform legislation in the United States Senate.  A letter to all Senators announced their intention to “mark-up” (create legislation in the committee) a tax reform bill this fall and that theyContinue reading “Senate to Tackle Tax Reform”