Bayh Proposes More Property Tax Relief to Help Indiana Homeowners
Plan would bring permanent tax fairness to more than 900,000 middle-class Hoosiers, removes caps on deductions. Washington, DC - June 17, 2009 - (RealEstateRama) — Senator Evan Bayh today proposed legislation that would expand and make permanent federal property tax relief for more than 900,000 Hoosier homeowners who do not itemize their federal tax deductions. The enhanced deduction would offer new tax relief for up to 30 million homeowners across the country.News || Laws & Taxes
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- Bayh Proposes Tax Relief for Home-Based Small Businesses
New standard home office tax deduction would help 180,000 Hoosier entrepreneurs claim up to $1,500 in simplified relief. Washington, DC - October 6, 2009 - (RealEstateRama) -- Seeking to make it easier for Indiana’s 180,000 home-based small businesses to take advantage of an important tax deduction, Senator Evan Bayh today proposed legislation to simplify the federal home office tax deduction...
- Bayh-Hill Property Tax Relief Legislation Set To Become Law
President Bush will sign measure as part of housing bill; up to one million Hoosier homeowners eligible for new deduction Washington, DC - August 4, 2008 - (RealEstateRama) — Congress tomorrow morning is expected to send to President Bush for his signature federal property tax relief legislation authored by Senator Evan Bayh and Congressman Baron Hill. Saturday’s expected final [...]...
- “Universal Homeowner Tax Relief Act” Would Benefit More Than 30 Million Property Owners Who Do Not Itemize on Federal Returns
Washington, D.C., October 31, 2007 – Reps. Rush Holt (NJ-12) and Rahm Emanuel (IL-5) today will introduce legislation that creates a new property tax deduction for American homeowners who are suffering from high property tax bills. The “Universal Homeowner Tax Relief Act” would allow homeowners who currently do not itemize on their Federal tax returns to [...]...
- Nelson Pushes Expanded Deduction For Property Taxes
November 16, 2007 – Nebraska’s Senator Ben Nelson yesterday cosponsored legislation with Senator Evan Bayh of Indiana to expand property tax deductions for millions of Americans. The legislation would create a new, standard deduction for real property taxes for homeowners who do not currently itemize their deductions. ...
- Homestead Exemption would offer property tax relief to Wyoming homeowners
CHEYENNE, Wyo. - December 5, 2008 - (RealEstateRama) – In the face of increasing residential property values in Wyoming, Gov. Dave Freudenthal has proposed reactivating the Homestead Property Tax Exemption to offer tax relief to Wyoming homeowners. In his Supplemental Budget Recommendations released last week, the Governor proposed spending $39 million in existing revenues to reactivate the [...]...
- Holt-Emanuel Property Tax Relief Initiative Included In House “Temporary Tax Relief Act”
Provision Would Allow Millions of American Homeowners Who Do Not Itemize on to Take Additional Standard Deduction Washington, D.C., November 9, 2007 – The U.S. House of Representatives on Friday considered the Temporary Tax Relief Act of 2007, legislation that includes an initiative championed by Reps. Rush Holt (NJ-12) and Rahm Emanuel (IL-5) to create a new [...]...
- Menendez, Holt, and Corzine Highlight New Property Tax Relief Initiative in Monroe
Millions of American Homeowners Who Do Not Itemize on Federal Taxes Will Be Able To Take Additional Standard Deduction Monroe, NJ - August 20, 2008 - (RealEstateRama) — U.S. Senator Robert Menendez, U.S. Rep. Rush Holt (NJ-12), and New Jersey Governor Jon Corzine were in Monroe today to discuss a new a property tax relief initiative that Menendez [...]...
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Articles Category: Laws & Taxes
- Attorney General Corbett cautions consumers to be wary of online real estate or vehicle sales scams
HARRISBURG, PA - February 8, 2010 - (RealEstateRama) -- Attorney General Tom Corbett today cautioned Pennsylvania consumers to be alert for possible scams linked to online ads for rental homes and apartments, along with Internet "for sale" ads and auctions for cars, motorcycles and other items.
- Dorgan Says 3,400 North Dakotans Have Used Homebuyer Tax Credit
WASHINGTON, D.C. - February 8, 2010 - (RealEstateRama) -- U.S. Senator Byron Dorgan (D-N.D.) said today that 3,400 North Dakotans have used the First Time Homebuyer Tax Credit passed last year by Congress as part of a major economic recovery bill.
- Titus Statement on 4th Quarter GDP Increase
Washington, D.C. - January 29, 2010 - (RealEstateRama) -- Congresswoman Dina Titus of Nevada's Third District released the following statement today on the news that the economy grew 5.7 percent in the fourth quarter of 2009, the fastest pace since 2003.
- CFO Sink Encourages Floridians to Claim Earned Income Tax Credit and Undelivered Refunds
TALLAHASSEE, FL - January 29, 2010 - (RealEstateRama) -- Florida CFO Alex Sink is urging Florida taxpayers to find out if they may be one of the estimated 10,000 Floridians who qualify for the Earned Income Tax Credit (EITC), a federal tax credit for low-income working individuals and families, on Earned Income Tax Credit Awareness Day 2010. Eligible Floridians are due back an estimated $15 billion, on top of what they already may be claiming on their taxes, if they all claimed the EITC.
- Investigation by Federal, State and Local Task Force Leads to Mortgage Fraud Charges Against Six People Involving Million-Dollar Plus Houses
CINCINNATI, OH - January 29, 2010 - (RealEstateRama) -- A two-year investigation by the Greater Cincinnati Mortgage Fraud Task Force has resulted in a seven-count indictment charging two Cincinnati area home builders, a former Huntington National Bank vice president, and a self-employed tax preparer and interior designer with participating in a mortgage fraud scheme to sell four high-end luxury properties to “straw buyers.”
- Manhattan Real Estate Developer Sentenced to Four Years in Prison for $27 Million Mortgage Fraud and Ponzi Scheme
New York, NY - January 28, 2010 - (RealEstateRama) -- PREET BHARARA, the United States Attorney for the Southern District of New York, announced that Manhattan real estate developer MICHAEL HERSHKOWITZ was sentenced today to four years in prison for his participation in a $27 million Ponzi scheme involving fraudulent loans secured by nonexistent mortgages.
- First-time buyers dominate Illinois housing market
More than half of home buyers in the 2009 Profile of Illinois Home Buyers and Sellers were first-time buyers, due in large part to the first-time homebuyer tax credit stimulus and increased affordability in home prices in the last year. The survey results released by the Illinois Association of REALTORS® (IAR) found 51% of buyers were first-time buyers, compared to 47% nationwide (a figure which has averaged closer to 40% nationwide since 2001). When asked about the primary reason for timing of the home purchase, 46% of first-time buyers said it was just the right time.