Government Affairs

Don’t Panic Over PRO Act

Posted on: March 24th, 2021 by Christy Beaver No Comments

Capitol Building and surrounding grounds. Photo Credit: William Phillips/Bloomberg Written by: REALTOR® Magazine Staff Congress is considering a piece of legislation that would re-write American labor law, affecting independent contractors. The bill, known as the Protecting the Right to Organize (PRO) Act, passed the House of Representatives last year and again on March 9 of… Read More »

A Tax Decrease?

Posted on: February 9th, 2021 by Andrew Clark No Comments

By Mark Quarry, Director of Government Affairs Yes! Effective March 1, 2021, Hamilton County property owners should see a 1.0 mill decrease in the Hamilton County Transfer & Conveyance Fee or “Transfer Tax”. At its February 11, 2021 meeting this week, Hamilton County Commissioners will hold a 2nd Public Hearing to reduce the County’s Real… Read More »

Home Inspector Licensing; Protocols for Setting Appointments

Posted on: February 9th, 2021 by Andrew Clark No Comments

Home Inspector Licensing; Protocols for Setting Appointments By Peg Ritenour, Vice President, Legal Services February 3, 2021 Late last week the Division of Real Estate issued two notices with respect to the licensing of home inspectors in Ohio. One involved the implementation of the program and the second included links to guidance on several issues… Read More »

Ohio REALTORS® Voice Strong Support for First-Time Homebuyer Savings Act

Posted on: February 9th, 2021 by Andrew Clark No Comments

Feb 3, 2021 By Beth Wanless, Director of Government Affairs OHIO REALTORS Yesterday (Feb. 2, 2021), Ohio REALTORS testified before the Ohio Senate Ways & Means Committee to urge passage of Senate Bill 24, the First-Time Homebuyer Savings Act. Ohio REALTORS President Seth Task and Michelle Billings, Chair of the Legislative Steering Committee, each shared… Read More »

Ohio REALTORS renew push for First-Time Homebuyer Savings Act

Posted on: February 1st, 2021 by Andrew Clark No Comments

Ohio REALTORS renew push for First-Time Homebuyer Savings Act Ohio REALTORS strongly supports passage of Senate Bill 24 — Ohio’s First-Time Homebuyer Savings Act — introduced by Sen. Theresa Gavarone (R-Bowling Green) and Sen. Bob Peterson (R-Washington Court House). The first hearing on the bill, which allows a first-time home buyer open a tax-deductible savings… Read More »

Social Media, “Step-up Basis” and President Biden

Posted on: February 1st, 2021 by Andrew Clark No Comments

Social Media, “Step-up Basis” and President Biden By Mark Quarry, Director of Government Affairs Recent social media posts have referenced comments made by President Joe Biden during his campaign about possible changes to the U.S. Tax Code. An example of one such post is what is referred to as the “step-up in basis rule.” Under… Read More »

Radon and the Ohio General Assembly

Posted on: December 21st, 2020 by Andrew Clark No Comments

Radon and the Ohio General Assembly By Mark Quarry Director of Government Affairs As often occurs during lame-duck-sessions in Congress and the Ohio Statehouse, there was a flurry of activity last week in Columbus as several potential amendments were added or removed from existing legislation. One example included Radon Testing as an amendment to Ohio… Read More »

Treasury, SBA Release Simplified PPP Forgiveness Application for Small Borrowers ($50K or less)

Posted on: October 12th, 2020 by Andrew Clark No Comments

Treasury, SBA Release Simplified PPP Forgiveness Application for Small Borrowers ($50K or less) On Thursday, October 8, the Small Business Administration (SBA) and the Treasury Department announced the release of a new, further simplified forgiveness application for PPP borrowers with loans of $50,000 or less. The new application – Form 3508S – is one-and-half pages… Read More »

UPDATE: Paycheck Protection Program (PPP) Flexibility Act of 2020

Posted on: June 15th, 2020 by Andrew Clark No Comments

UPDATE: Paycheck Protection Program (PPP) Flexibility Act of 2020 The Paycheck Protection Program (PPP) Flexibility Act of 2020 signed earlier this month by President Trump amends the Paycheck Protection Program (PPP) to give borrowers more freedom in how and when loan funds are spent while retaining the possibility of full forgiveness. Its goal is to address some of… Read More »