REALTOR® ACTION CENTER
It is critical for REALTORS® to speak with one voice about the stability that the real estate market brings to our communities. From city hall to the state house to the U.S. Capitol, elected officials make decisions that have an impact on the bottom line of REALTORS® and their customers. The REALTOR® Action Center is where you learn how Voting, Acting and Investing in RPAC builds our political strength at every level of government.
HB 128 (https://wyoleg.gov/2021/Introduced/HB0128.pdf
) County option REAL ESTATE TRANSFER TAX will be voted on in the House Revenue Committee on Thursday, March 11th. If you are receiving this message, your House Representative sits on that committee.
The bill would impose a sales tax on real property that sells in excess of $1million dollars. It is targeted at commercial and residential property. Agricultural lands are exempt. The bill currently mandates that the buyer pay the tax. WY Realtors believe the bill is unconstitutional as it creates different taxes in the same category of land. It also unfairly taxes real estate investment while ignoring the sale of other investments, i.e. stock and bonds.
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National Association of REALTORS® REALTOR® Action Center
Wyoming Association of REALTORS® REALTOR® Action Center