More than 600 of my fellow Realtors and I rallied at the State Capitol in Salem, Oregon last week. The purpose was to shower the legislators with our concerns, ideas and suggestions on real estate matters that affect the market and the economy. The rally was coordinated by the Oregon Association of REALTORS®, and it was a record turn out. We were told that no other business or professional industry has ever shown up in such numbers at the Capitol.
Realtors from all over the State met with Senators and Representatives primarily to discuss opposition to current bills that add new taxes and/or fees to buyers and sellers on the transfer of their property ownership, such as; HB 2481, HB2473 and SB 396.
During one of the meetings I attended, Representative Matt Wingard informed us of a stimulus bill (HB 3090) that he recently introduced. Wingard’s Main Street Incentive Plan provides a tax credit to homeowners and businesses that remodel. 50% of the remodeling costs would be eligible for a tax credit and a 100% credit if the remodeling falls under the category of “green”. The credit must be taken in equal increments over a five year period. I am in full support of this bill as the resulting ripple effect to businesses and jobs would be impressive. I hope it passes!
Have a great week!