LEGISLATION
PROPERTY TAX
REGULATORY
IMPORTANT ISSUES

Thu, Jul 02

On June 26, the House passed HR 2454, the American Clean Energy and Security Act. Since then, many NAR members have been asking questions about what the bill means for real estate and what can be done to improve the legislation in the Senate where the bill now resides for consideration. Thanks to the excellent work of Rep. Ed Perlmutter (D-CO) who inserted an amendment in the late hours of consideration, the energy efficiency label provision on homes is only for new construction properties. The bill in its original form was intended for all properties – which NAR strongly opposed. Below are some Facts and Myths from NAR about the legislation. MYTHS AND...
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Fri, Jan 25

This bill would make permanent the three-year suspension of the state equalization property tax. [Note: the suspension is due to expire in 2009. This tax is also called the county equalization assistance for education property tax] To read the bill in its entirety, please visit: http://www.azleg.gov/legtext/48leg/2r/bills/sb1002p.pdf ...
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Wed, Apr 23

The House Committee on Transportation and Infrastructure (T&I) held a hearing on Wednesday, April 16, to receive testimony on H.R. 2421, the Clean Water Restoration Act. The bill is sponsored by T&I Chairman James Oberstar (D-Minn.), who is seeking to overturn two recent decisions by the U.S. Supreme Court regarding jurisdiction over wetlands. The bill seeks to broaden the scope of federal jurisdiction over waters by removing the term "navigable" and replacing it with the term "waters of the United States," a term that opponents of the legislation would dramatically increase federal jurisdiction. NAR strongly opposes this legislation and is working wit...
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Fri, Jan 30

Wednesday night the United States House of Representatives passed, on a largely party line vote of 244-188 (Ginny Brown-Waite R-FL 5th did not vote), HR 1, the American Recovery and Reinvestment Act of 2009. The economic stimulus bill, as the legislation is more commonly known, contains a number of key provisions for REALTORS. Restoration of the 2008 Loan Limits for FHA, Fannie Mae and Freddie Mac to 125% of median home price up to a limit of $729,750Elimination of the repayment provision of the $7,500 first time home buyer tax creditExpansion of tax-exempt housing bondsIncreased funding for the Rural Housing Service programAdditional funding for neighborhood stabilization activi...
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VOTER REGISTRATION

IS YOUR VOTER REGISTRATION CURRENT? – If you have moved, changed your name or political party please be sure to update your voter registration.

You can register online through Service Arizona EZ Voter registration at https://servicearizona.com/webapp/evoter/
Or you can request a mail in form from your county recorders office at http://www.azsos.gov/election/county.htm

As a reminder, you must have a valid picture ID with your current address on it in order to vote at the polls. If you need to update your address on your ID, you can go to: http://servicearizona.com/ and change it online. A new copy of your drivers license or state ID card will be sent to you for $5.

Thu, Jul 02

Senate Health-Care Proposal Carries Smaller Price

Thu, Jul 02

California Paying With IOUs

Room to Let: Finance Firms Need Tenants

Flipping Sides

Gov. Sanford's wife: I'm willing to forgive

New Sotomayor documents show rights group work

June Oahu home prices down 9%, sales up

Urban housing firms grab $150M in grants