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Capitol Hill Update: NAR‘s 2018 Political Advocacy Efforts |
Commentary by the National Association of REALTORS® |
Over the past year, the National Association of REALTORS® (NAR) has engaged with federal lawmakers on a wide range of legislative and regulatory issues to promote and protect a sound and robust real estate market. These efforts protect and strengthen the interests of both consumers and NAR members. Following are highlights on six key topics. Section 199A Qualified Business Income Deduction: REALTORS® will be able to deduct 20 percent of their qualified business income from their income tax as a result of NAR's advocacy. This provision is a major victory included in the Tax Cut and Jobs Act. Association Health Plans (AHP): With significant input from NAR, the U.S. ...
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