Protect Louisiana Homes From Transfer Taxes!

By
Real Estate Broker/Owner with Mike Mayer, Broker/Owner - i List For Less Realty, LLC

The Louisiana House of Representatives voted to pass House Bill 135 to protect Louisiana homes from Transfer Taxes.The vote occurred May 24th and received overwhelming support, 100-0. The Louisiana REALTORS® Association is supporting this constitutional amendment in the 2011 regular legislative session to prohibit any new real estate transfer taxes in the state.

HB 135 will next be heard in the Senate Revenue and Fiscal Affairs Committee the first week of June.  The Senate Floor vote could occur late in the week of June 6th or early the following week. Louisiana is one of only thirteen (13) remaining states without this onerous tax. In fact, our eastern and western neighbors of Mississippi and Texas likewise do not have real estate transfer taxes.        Protect Louisiana Homes From Transfer Taxes!

If HB 135 is passed by lawmakers and then approved by voters in November, the results could have a positive impact on the overall real estate market and Louisiana's economy. The bill's passage could create a positive development for both residential and commercial real estate consumers. 

It's possible to monitor this important initiative throughout 2011 and obtain additional information by visiting the campaign website, www.staytaxfree.com. 

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i List For Less Realty is home officed in Lafayette, and services the surrounding communities of Abbeville, Breaux Bridge, Broussard, Carencro, Crowley, New Iberia, Opelousas, Rayne, Scott, Saint Martinville, Sunset, and Youngsville. 

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DISCLAIMER: Mike Mayer and/or i List For Less, LLC disclaims responsibility for any of the content or opinions expressed in this blog, including, but not limited to content or opinions regarding any products or service mentioned. Mike Mayer and/or i List For Less, LLC disclaims liability for any damages or losses, direct or indirect. that may result from the use of, or reliance on, information contained in this blog. This blog may contain links to other web sites operated by third parties. These links are provided as a convenience to access the information contained therein. Mike Mayer and/or i List For Less, LLC disclaims any responsibility for the content of any other sites or the products or services that may be offered on or through those sites. Inclusion of a link to another site does not indicate any endorsement or approval of the site or its content. Mike Mayer and/or i List For Less, LLC reserves the right to edit, remove or deny access to individuals or content that it determines to be unacceptable, including, but not limited to, any illegal, abusive, profane, rude, defamatory, or anonymous comments.

 Copyright © 2011 By Mike Mayer and/or i List For Less, LLC. All Rights Reserved.

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Re-Blogged 1 time:

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  1. Marilyn Boudreaux 05/27/2011 07:05 AM
Topic:
Real Estate General Information
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