Realtors say no new (real estate) taxes
The Maryland Association of Realtors said today that it will fight Gov. Martin O'Malley's proposal to make real estate property management services subject to the state sales tax, arguing that it will hurt renters and small businesses.
From the press release:
The 35,000 member group is taking out multiple full page advertisements in the Baltimore Sun, the Washington Post, the Capital, the Gazette of Politics and Business, and the Maryland Daily Record.The advertisement features an open letter to the Maryland public from MAR president Carole A. Maclure. ...
“Fixing the budget is necessary. Another tax on housing and property is a big mistake,” reads the headline. “Call your representatives today in the Maryland General Assembly and urge them to vote “NO” on new real estate taxes,” the letter urges.
The Realtors say state and local governments have added or increased more than 20 housing-related taxes and fees in the last five years.
The proposal is part of O'Malley's plan to raise $2 billion in revenue to deal with a state budget shortfall.
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