Connecticut Conveyance Tax Causes Battle Between Government and Realtors
Who is the fool that believes once a new taxes is created the government will ever let it go?
For once those affected by a tax are fighting back. Connecticut passed a real estate conveyance tax back in 2003 that was scheduled to sunset, or in real world terms end, on June 30th of this year. Of course, now that the tax revenue from the sale of homes in the state is expected to go away, governmental officials are fighting to extend it.
But fortunately the Connecticut Association of Realtors are fighting back with advertising campaigns aimed at the state house. Think about it, we are in a real estate slowdown and the politicians would rather take money that could lower the price someone is paying for their home and spend it on pork barrel projects. How many Mayor (fill in the blank) Recreation Centers and Jobs Programs For My Nephews do we need?
Fight hard Realtors, even if you don’t win, you will improve your reputation in the eyes of buyers and sellers statewide.
The Connecticut Association of Realtors has launched a multi-media advertising campaign to oppose the extension of the current municipal conveyance tax, which legislators will likely vote to extend in a special session next month.
The tax, raised to its current level in a budget crisis in 2003, had been scheduled to sunset when the current fiscal year ends June 30.
”When you sell your home, legislators and town governments are robbing you of your equity with a hidden tax,” says one of the audio spots posted on a Web site established for the campaign, titled “Sneaky Little Way.”
In another ad now screening on local TV stations, a woman standing on what appears to be a suburban front lawn asks, “Is this really a good time to raise taxes?” TheDay.com
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Pingback by Connecticut Extends Real Estate Tax in Poor Market : The Real Estate Bloggers on 12 June 2008:
[...] subscribe to my RSS feed. Thanks for visiting!What a surprise. Connecticut extends it’s real estate conveyance tax. The tax that adds an additional charge on home sellers has been extended for 2 more years by the [...]