Proposal to tax Real Estate Services

Governor's proposal again includes taxing real estate services and commissions!

Attend the OAR Legislative Conference for details

We have learned that the Ohio state budget plan soon to be unveiled by Governor Taft will once again include a proposal to expand the sales tax base and begin taxing virtually every service provided in connection with real estate transactions. This will include brokerage services, meaning that real estate commissions would be taxed if his plan is adopted by the legislature.

Waging a successful battle to prevent this from happening will be far more difficult this time than it was two years ago. One of our key arguments in 2003 was that we were being unfairly singled out. At that time, the Governor's proposal did not include taxing lawyer's fees and accountant's fee's. But this time it will include them.

As was the case in 2003, it will be critical to have a large number of members in attendance at the Ohio Association of REALTORS® Legislative Conference, March 1-2 at the Hyatt on Capitol Square.

OAR has waived the $75 registration fee in order to encourage greater attendance.

This is an excellent opportunity to be educated on the specifics of the Governor's proposal to "modernize" our state's tax system.

To register, click here.