Colorado Budget Forecast The quarterly economic forecast was released Tuesday. CAR is tracking 11 bills that have been stalled in Appropriations waiting for the release of this forecast. While this report is showing some growth, not every tax incentive bill that has been introduced in the Legislature will have funding. It is still unclear how the Legislature will prioritize these bills;...
HB 1311 Job Creation and Main Street Revitalization Act LPC voted to support HB14-1311, Concerning the credit against the state income tax for the costs incurred in connection with the preservation of historic structures, this week, which was introduced in the House and assigned to the Finance Committee. The bill establishes two eligibility pools for the commercial tax credit, one pool...
REALTOR® Day was a success! Thank you so much to everyone who attended REALTOR® Day at the Capitol this past Wednesday. We had over 200 attendees from all across the state, and had a very successful day speaking with our Legislators. We'd like to thank Alison Felix, Assistant Vice President and Denver Branch Executive at the Federal Reserve Bank of Kansas...
Pre-Registration for REALTOR® Day ends TODAY View a video invitation from Jeffrey Martin, 2014 Government Affairs Division Vice President, with information about key events at REALTOR® Day. Don't miss the 2014 REALTOR® Day at the Capitol on Wednesday, February 26th at the McNichols Building and the State Capitol. Based on feedback received from local leadership, we have revamped this event and...
Pre-Registration for REALTOR® Day closes February 7th Please view a video invitation from Jeffrey Martin, 2014 Government Affairs Division Vice President, with information about key events at REALTOR Day. Don't miss the 2014 REALTOR® Day at the Capitol on Wednesday, February 26th at the McNichols Building and the State Capitol. Based on feedback received from local leadership, we have revamped this event...
The Mortgage Cancellation Tax Relief expired December 31, 2013. Without an extension from Congress, homeowners who have had any amount of mortgage forgiven by a lender through either a foreclosure or short sale will be forced to pay a "phantom income tax" on any amount that was forgiven. It is CAR and NAR's position that homeowners should not be subject to...
Now that the Federal Government has shut down, what does it mean for the real estate industry? It means many, but not all, government programs, including some that impact federal housing and mortgage programs, have been suspended or slowed due to the lapse in government funding. The National Association of REALTORS® has released a brief on some of the issues that...