Legislative Session Report
LOUISIANA REALTORS • June 22, 2017
Norman Morris, CEO provides a short video recap of REALTOR® wins from the 2017 Legislative Session. LR was successful at preventing new sales tax on services as well as passing legislation that penalizes those that practice without a license.
There were no new taxes passed in the recent session. The inventory tax, manufacturing machinery and equipment tax, sales tax on utility, sales tax on services, commercial activity tax (gross receipts tax) and all of the other tax increase proposals failed. Many of the same issues will probably come up in a special legislative session. To read a full summary of all tax-related legislation compiled by Jim Harris of Harris, DeVille & Associates, click here.
Take advantage of safety training and other resources provided by your local REALTOR® Association in Louisiana.
Construction Update: Act Nos. 239 and 422 Eric Landry, Breazeale, Sachse & Wilson, L.L.P. Louisiana REALTORS® Counsel
NAR is pleased to share the latest consumer guide focused on how the VA Home Loan offers a great path to homeownership for current and former military service members. As a reminder, all guides in this series are available for download—in both English and Spanish—on facts.realtor . Please allow a few days for the Spanish version of the latest resource to be translated and uploaded. For ease of reference, below is a list of the most recent guides: NEW: What Is the VA Home Loan Guaranty? 10 Tips for Packing Smartly for a Move State and Local Tax (SALT) Deductions Buying a Historic Property Making Your Home More Energy Efficient Working with a Real Estate Attorney Thank you for your continued engagement with the “Consumer Guide” series and for sharing the resources with prospective clients to ensure they have the information they need to find success in their homebuying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy. Be on the lookout for the next consumer guide, which outlines requirements for private mortgage insurance and how it protects lenders and consumers.
