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 Proposed Real Estate Tax Revisions
By: Darin "Sid" Cameron, CRS
Tue, Feb 8th, 2005 11:29 pm

The National Association of Realtors (NAR) reported last week that the U.S Congress is looking into changing several real estate tax provisions in an effort to increase additional tax revenue.

Some of the proposals that could affect you and your real estate include:
- A repeal of the deduction for interest on home equity loans
- Limit the exclusion for short-term vacation home rental to $2,000
- Eliminate or reduce charitable contributions that relate to facade easements on historic properties
- Conform the formulas state housing agencies use for awarding mortgage credit certificates

On the Web:

For the full story from NAR:

To understand more about the U.S. Congress Joint Committee on Taxation

To contact the senators who have made these recommendations, please visit their websites:
Charles Grassley (R)(IA)-
Max Baucus (D)(MT)-

Special thanks to:
(for bringing this article to my attention)

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Darin "Sid" Cameron spent 15 years working in the technology industry which in 1998 relocated him to St. Louis. In 2004 he took over web development tasks for Kimberly's real estate team and later became the full-time Marketing and Operations Director in 2005. In 2011 Sid launched two brokerages, The Realty Store, Inc. and Realty Referral Partners, Inc, while continuing to perform marketing and operations for Kimberly's team. Sid holds a real estate broker's license in Missouri, CRS certification and was the first CyberStar in the St. Louis area.
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