The Tucson Association of REALTORS® takes
a very active role in public policy and government issues affecting our
For more information about the Association's public policy
efforts, please contact the Director of Government Affairs, Steve
Huffman at 382-8787 orr firstname.lastname@example.org
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carving fees and taxes out of your commissions!
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Government Affairs Update
February 9, 2012
Washington D.C. –
You may have received an email recently suggesting there will be a new 3.8 % sales tax on real estate next year due to the passage of national health insurance legislation. These emails may not be completely accurate so here is what is really going on.
On January 31, 2013 there will be a new 3.8% capital gains tax placed on income earners making over $250,000 a year. This tax will be used to partially fund the new healthcare program. It will not apply to sales of your primary residence but it will impact income from stock sales, dividends and capital gains from investment real estate.
Click here for more information from the National Association of REALTORS® on this issue.
Tucson Water has been working on revisions to the current water for annexation policy. This is a complicated but important issue for our community. If you have vacant land outside of Tucson city limits, you may not have access to Tucson water. We will keep you informed as this issue moves to public hearing before the Mayor and Council.
Tucson City Council Meetings:
February 14th, 22nd and 28th at 5:30pm
Town of Oro Valley Meetings:
February 15th at 6pm
Marana Council Meetings:
February 21st at 7pm
Pima County Board of Supervisors Meetings:
February 22nd and 29th at 9am
Sahuarita Council Meetings:
February 13th and 27th at 6:30pm