TRANSPORTATION BILL PASSES WITHOUT USE OF G-FEES
On December 4, 2015, President Obama signed H.R. 22, the Surface Transportation Reauthorization and Reform Act of 2015, which does NOT include an extension of the higher guarantee-fees set to expire in 2021. While the Senate version of the long-term transportation bill included this “mortgage tax” to pay for transportation infrastructure, the final version does not, thanks to you!
For the past several months, California Association of REALTORS® (C.A.R.) aggressively advocated and asked you to help defeat this provision in the bill. With your help, we were victorious in opposing this measure. This victory was made possible by the collective efforts of organized real estate at EVERY level – the NATIONAL ASSOCIATION OF REALTORS®, the 50 state associations, all the local associations, and most importantly, YOU the members.