The Second Regular Session of the 71st General Assembly Kicks Off in 2018! The first gavel of the second session of the 71st General Assembly came down on Wednesday, January 10th. The session is already off to a quick start with 179 bills introduced in the first week. We expect this to be a busy year for property rights and housing...
Capital gains exclusion In a huge win for current and prospective homeowners, current law is left in place on the capital gains exclusion of $250,000 for an individual and $500,000 for married couples on the sale of a home. Both the House and the Senate had sought to make it much harder to qualify for the exclusion. Mortgage interest deduction The maximum mortgage...
The National Association of REALTORS strives to influence and shape the real estate industry. So it should be no surprise they put full force into the recent two public policy changes sweeping through Washington, D.C. NAR worked tirelessly on tax reform and net neutrality, two policy changes that could have powerful impacts on the real estate world. In regards to Tax...
Changes in the tax code could have pricey implications for homeowners if the GOP Tax Proposal passes. Cuts elsewhere are causing Congress to find other ways to make up the money. One area they are looking to make up the money is taxes associated with real estate. Currently, homeowners are encouraged to stay in their home for two years and are...
There have been a number of developments in Washington, DC to share with you. TAX REFORM: Both the House and Senate have named the members of the conference committee. The committee will begin meeting next week, its goal is to send a final bill to the President by December 15, 2017. NAR will continue to run the Call for Action until the...
Elizabeth Peetz CAR's Vice President of Government Affairs and Madeline Cain CAR's Government Affairs Manager are both featured in Colorado Politics Article as "New Political Players". Elizabeth Peetz will be directing the association's efforts on public policy, as well as manage its government affairs division. Besides advocacy and legislative work, Peetz will oversee the Realtors’ Legislative Policy Committee, candidate endorsement process...
CAR spreading the word to State lawmakers about wildfire education and mitigation. While hurricanes and earthquakes have rightfully been the focus of attention for so many people in recent weeks, the path of smoke and hazy skies across a majority of the western United States reminds us all that the impact from current and future wildfires can be equally devastating. With long-term...
How a Supreme Court Ruling May Impact the Housing Market in Colorado BY CAR GOVERNMENT AFFAIRS MANAGER ELIZABETH PEETZ As summer heats up after another successful legislative session at the State Capitol (don’t forget to check out CAR’s top five successes blog post on our website for more information about that!) we are also pleased to announce that the Colorado Supreme Court...
Ask your Representatives to pass H.R. 2874, “The 21st Century Flood Reform Act.” NAR is launching a Call for Action (CFA) on Tuesday, August 22nd! This CFA will be sent to all REALTOR® members and will be asking the U.S. House of Representatives to pass H.R. 2874, “The 21st Century Flood Reform Act.” Click here for more information regarding the National Flood...
Top 5 Legislative Successes at the Capitol Straight from CAR Government Affairs 1) Construction Litigation Reform CAR, along with the Homeownership Opportunity Alliance championed compromise legislation that is the first step in the right direction to building more attainable housing for all Coloradans while also protecting homeowners and giving them a voice in whether or not to pursue litigation. After more than...