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.
Thank you for your continued support as we work to protect homeownership!
2018 National Association of REALTORS President
Virginia is one of a few states that holds elections in odd-years, so it’s important for Virginia REALTORS® to get out and exercise their right to vote.
As a Virginia REALTOR®, you see the impact of policy maker decisions daily. One of the most important actions you can take for your professional interest is to VOTE. By electing representatives who understand the real estate industry, homeownership and property rights, you help protect an environment of economic opportunity for your future and your community.
On November 7th, Virginians will head to the polls to elect candidates for Governor, Lieutenant Governor, Attorney General, House of Delegates, and numerous local government offices.
All regular voting locations will be open from 6:00 a.m. to 7:00 p.m. You can find out where to vote and what’s on your ballot at the Virginia Department of Elections website. Remember to bring a valid Photo ID when you go to vote in-person. If you think you won’t be able to make it to the polls next Tuesday, you still have a chance to vote by absentee ballot through Saturday, November 4th.
Thank you for your participation in our electoral process and for showing the strength of the REALTOR® vote.
October 17th is the deadline to register to vote in Virginia for the upcoming November General Election. While more than 86 percent of Virginia REALTORS® are registered to vote, we can do better. So if you’re not registered to vote or you’ve moved and need to update your registration, the deadline is approaching.
Eligible residents can visit vote.virginia.gov and register online with the Virginia Department of Elections. On the site you can also check your registration status, find out information on absentee voting, and learn about what items will appear on your November 8th ballot.
Our goal is to have 100% of our members registered and at their polling place on Election Day. Register today so you can vote for candidates who support REALTOR® issues and policies that protect your business, community, and the rights of private property owners.
Encourage your members to take action and urge the Senate to follow the House’s lead by passing H.R. 3700, the “Housing Opportunity Through Modernization Act of 2016.” The bill makes needed reforms to the FHA condominium loan program, federal assisted housing programs and Rural Housing Service loan programs. Letter to Senate.