hb 135: NO DOUBLE, UNFAIR TAXES For Louisiana Homeowners - HB 135 Update!
- 06/18/11 07:56 AM
House Bill 135 protects Louisiana homes from Real Estate Transfer Taxes which negatively impacts property markets and the economy. Louisiana is one of only 13 remaining states without this onerous tax. Why are such Real Estate Transfer Taxes an unwanted burden? DOUBLE TAXATION Real estate transfer taxes (RETTs) are a form of double taxation. Many, if not most, homeowners pay property taxes while occupying their homes. RETTs are simply another tax on the same piece of property. THEY MAKE HOUSING LESS AFFORDABLE Real estate transfer taxes can limit housing affordability for thousands of moderate and low income homeowners, and particularly … (0 comments)
House Bill 135 protects Louisiana homes from Real Estate Transfer Taxes which negatively impacts property markets and the economy. Louisiana is one of only 13 remaining states without this onerous tax.
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