NAR President Gary Thomas testified at a hearing of the House Ways and Means Committee entitled “Tax Reform and Residential Real Estate.”
The purpose of the hearing was to consider how federal tax provisions, such as the mortgage interest deduction (MID) and the deduction for real property taxes, affect the housing sector and homeownership.
Gary Thomas’ oral testimony drove home three major points:
Realtors support maintaining the current law tax incentives for homeownership with no changes;
- The major… Read More