Humoroust Gerald Barzan reminds us that "taxation WITH representation aint so hot either". More taxes that will effect the Real Estate Industry here in the State of Utah are on the horizon.
Chris Sloan our Branch Broker in Tooele has been on the Legislative committee for as long as I can remember, and has spent countless hours up"on the hill" fighting our fights for us. I'm sure you have someone in your board, like Chris. We really don't know what they do, (except continually want us to increase our contribution) but we do know that they are constantly vigilant to attacks on our industry and our livelihood. We don't pay much attention to them, but we sure do count on them to look out for us and for our clients. It looks like another attack is on the way, and I think this time we all should be prepared to help.
Last week Chris posted an article on two items the Utah legislators may be considering implementing at the next session. First, a transfer tax on the sale and purchase of Real Property, and second, a "professional tax on service" wherein a fee (tax) is charged whenever a Utah State licensed participant is involved. Both of these proposals would have devastating effects on the industry, and an immediate confiscation of the wealth of our clients. I would encourage each of you to click on the article at The Legislature never sleeps, read it, and then be prepared to help the folks on your Legislative committee fight the good fight.
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