California Senate Leadership seeks to punish homeowners and REALTORS® for opposing $75 recording tax

    California Senate Leadership seeks to punish homeowners and REALTORS® for opposing $75 recording tax

    LOS ANGELES, CA – May 28, 2013 – (RealEstateRama) — This morning the Senate Appropriations Committee approved Senate Bill 30 (R. Calderon), which would extend existing provisions of state law protecting homeowners from having to pay income tax on a “short sale.” SB 30 is sponsored by the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.).

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    Leading the way...® in California real estate for more than 100 years, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) is one of the largest state trade organizations in the United States, with nearly 155,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.

    Contact:

    Los Angeles - Executive Office:
    525 South Virgil Avenue
    Los Angeles, CA 90020-1403
    Phone: (213) 739-8200
    Fax: (213) 480-7724

    Media:

    Mark Giberson
    Phone: (213) 739-8304.

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