TAX on Services Includes Realtors

This just in from the Michigan Association of Realtors: “Granholm’s Tax on the Real Estate Industry = Pay Cut for Realtors.” 

 Michigan Governor Jennifer Granholm is proposing a sales tax on real estate commissions, along with numerous other services one would use in either building a new home or improving an existing one. I believe it was the housing industry and all it’s subsideries that has kept us alive the last few years.

Under what has been dubbed the “Two-Penny Plan”, Governor Granholm is proposing the new sales tax on services for the 2007 and 2008 fiscal years.

Here are some of the services that would be taxed under the new proposal: real estate commissions, real estate title services, legal services, land surveying, engineering, general construction services, carpentry, painting, plumbing, grading and excavating, well drilling, etc., etc., etc.

According to the Michigan Dept. of Treasury, six other states already tax real estate commissions, and supposedly at a higher rate.  Tennessee eliminated it ! Go Vols !!

If you are a realtor in Michigan, you need to pay your RPAC Dues so we can fight this.

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About missycaulk

As a transplanted Southerner, I have lived and raised five children in the Ann Arbor area for the past 31 years. I know that this is a truly great place to live. My husband Mike (who personally trained our three quarterback sons) and I are deeply rooted in this warm and spirited community, which is a great advantage when it comes to finding your family the right home in the right place at the right price. I get dozens of referrals every year from former clients, many of whom have become friends, because they value not only my professionalism and knowledge of the market, but my honesty and straightforwardness. Purchasing a home is one of the bigger things we do in life. I promise you that the process of doing this, as well as the result, will be enjoyable and rewarding for both of us. In order to server you better, 3 Buyer Specialists work with all our buyers. This blog is about Ann Arbor and the surrounding area's real estate. It is only my opinion.
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