Advocacy Efforts for Private Property
| Mar 04, 2014
MAR and NAR continue to work on behalf of property rights on several issues in 2014 with two top priorities highlighted below.
Flood Insurance Time Out
The National Association of REALTORS® continues to fight for homeowners across the country who are being forced to pay for the sudden and dramatic flood insurance premium increases that are the unintended consequence of the Biggert-Waters Flood Insurance Reform Act of 2012. A four-year “time out” for both impacted home buyers and future increases on “grandfathered” properties passed the Senate and is before the House at time of print.
Rental Housing Tax Proposed in Governor’s Budget
Governor Duval Patrick’s budget was released in mid-January and includes a statewide occupancy tax on short-term rentals (90-days or less). The tax would negatively impact homeowners of second homes who rent to help defray the cost of ownership. The budget moves to the House for consideration, and MAR will continue to oppose such a tax.