Latest Edition of REALTOR® Magazine Released
The March/April edition of REALTOR® Magazine was recently released and includes stories on the following topics:
- Advocates in Action on Tax Reform, Flood Insurance and a Host of Other Issues, NAR Leaders Standing Up for Your Interests
- Make Retirement a Reality
- Roaring Back From the Abyss
- What First-Time Sellers Don't Know
County Commissioners to Host Town Hall Meeting
Brevard County Commissioners Kristine Isnardi (District 5) and John Tobia (District 3) announced that they will be hosting a general town hall on April 4, 2017, 6:00 p.m., at Palm Bay City Hall.
All Brevard residents are encouraged to attend this public event and let their voices be heard on the critical issues facing our county. This town hall will offer a unique opportunity for citizens to ask questions of their South Brevard County Commissioners and receive brief legislative updates on topics such as infrastructure, surplus county land, use of Indian River Lagoon tax proceeds, and community redevelopment agencies.
"This event gives us a chance to meet our residents and let them know that we are here to help with any issues they may have," Commissioner Isnardi said. "I always enjoy the opportunity to hear from my constituents and learn what I can do as their Commissioner to improve the quality of life in their communities."
Commissioner Tobia remarked about the upcoming event, "I look forward to speaking with citizens about the issues that are important to them and listening to their questions and concerns. It is my hope to hear from the community through a continued series of town halls about all issues."
District 5 includes the Town of Indialantic, Town of Melbourne Village, and portions of the City of Palm Bay, City of Melbourne, and the Town of West Melbourne.
District 3 encompasses the City of Grant-Valkaria, City of Malabar, City of Melbourne Beach, and portions of the City of Melbourne, City of Palm Bay, and the Town of West Melbourne.
Palm Bay City Hall
120 Malabar Road
Palm Bay, Florida 32907
Tuesday, April 4, 2017
6:00 p.m. - 8:00 p.m.
Commissioner Isnardi's contact: Danielle Stern at Danielle.Stern@brevardfl.gov and 321-253-6611
Commissioner Tobia's contact: Christine Furru at Christine.Furru@brevardfl.gov and 321-633-2075
Florida FWC Commission's Gopher Tortoise Conservation Program
The Florida Fish and Wildlife Conservation Commission's Gopher Tortoise Conservation Program has developed an information packet for Florida Realtors and property owners with detailed information about laws, rules and guidelines relating to the gopher tortoise, which is listed as a threatened species by the State of Florida. This resource includes answers to frequently asked questions, fact sheets and brochures related to the protection of gopher tortoises.
Great American REALTOR Days
The Great American Realtor Days will held in Tallahassee on March 28 and 29.
Congress Adjourns Without Passing Tax-Extenders
After passing a Continuing Resolution that will fund Federal Government operations until April 28, 2017, the 114th Congress adjourned on Friday, December 9, 2016. An extension of the Mortgage Cancellation Debt Relief, part of the “Tax Extenders” package was not passed in the lame duck session. Homeowners completing a short-sale or a mortgage modification at any time during calendar year 2016 are eligible for the relief when they file their 2016 Income Taxes in April of 2017. NAR will be working on an extension in early 2017 that would be retroactive to January 1, 2017.
What About Tax Reform?
Here is what NAR has learned so far. The Trump Transition Team along with the Republican Congressional leadership intends to use a legislative vehicle called Budget Reconciliation to move Tax Reform. NAR is already engaged with key members of the tax writing committees in the House and Senate, on both sides of the aisle, to outline our positions on Tax Reform. Our Tax Team has drafted two documents for you to use with your members who may have questions about Tax Reform, for your FPCs who will be meeting with Members of Congress and for your general use. These documents will evolve as the Tax Reform debate evolves. We will periodically let you know when there has been a revision and we will keep the document at the same web link throughout the debate so if you can always have access to the latest information.
Document One Issue Brief: http://narfocus.com/billdatabase/clientfiles/172/19/2795.pdf
Document Two Talking Points: http://narfocus.com/billdatabase/clientfiles/172/19/2796.pdf
Individual Real Estate Tax Provisions
There is currently no Tax Reform Bill since Congress has adjourned. The House Ways and Means Committee is using the Blueprint a series of tax reform principles to help guide and shape the debate. The Blueprint contains an increase in the Standard Deduction and elimination of the deduction for State and Local Taxes. NAR is opposed to these two concepts. Additionally, many of you have been contacted by outside groups who are asking you to mobilize your members in opposition to changes to the 1031 Like-Kind Exchange provision. NAR opposes any changes to the 1031 Like-Kind Exchange provision and will launch a Call for Action on Tax Reform Legislation when appropriate, please disregard these outside requests.
NAR Priorities for the 115th Congress
Regulatory reform, tax reform, National Flood Insurance Program reauthorization, housing finance reform (Fannie Mae and Freddie Mac) and other housing and real estate issues that arise.