Members - Benefits & Services - RPAC - MIBOR | Metropolitan Indianapolis Board of REALTORS®

We are in the midst of one of the most difficult housing markets in modern US history. Yet if it were up to some current political officials and candidates, REALTORS® would be targeted as a source for even more tax revenues. Legislation may once again be introduced into the Indiana General Assembly that would levy a tax on real estate commissions and services and initiate a real estate transfer tax. The end result would take hundreds and even thousands of hard-earned dollars out of your pocket every time you go to the closing table.

RPAC is fighting for the rights of REALTORS®

We know we are asking for your help at a time when incomes are down and projections are slim, but we need your support to keep real estate professionals from being unfairly targeted on taxation, and many other issues. RPAC represents REALTORS® on issues that affect your income in many other ways, including:

• Fighting for fair, uniform real estate assessment statewide
• Keeping banks from engaging in real estate
• Streamlining redundant local and state agencies
• Promoting local and national issues that stimulate economic growth

As little as a $20 donation to RPAC helps us represent you.
Your contribution can go a long way in the prevention of undue and burdensome legislation/regulation that will cost you every time you close.

Hot Button Issues:

Transfer Taxes on Real Estate
Republican and Democratic leadership in the Indiana General Assembly have discussed a transfer tax on real estate and a sales tax on commissions/services as alternative revenue sources to property taxes. These policies vary from a set dollar amount such as $10 for every $1000 of the transaction to a state transfer tax of 2% of the total transaction. In today’s market, who can afford to take more cash off the closing table?

Taxes on Services & Commissions
Taxes on commissions or services have been part of the alternative revenue discussion over the past couple of years. This tax is attractive to legislators because it would allow the state to increase revenues in the short run without increasing tax rates. At a sales tax rate of 7%, REALTORS® would pay $70 to the government for every $1000 earned in commissions. That’s a significant amount of earned income that would be taken from your pockets every time you close a transaction.

Contact Pat Cline at 317/956-5250 with questions or to make a donation.
REALTORS® Political Action Committee
1912 N. Meridian Street, Indianapolis, IN 46202

METROPOLITAN INDIANAPOLIS BOARD OF REALTORS® POLITICAL ACTION COMMITTEE (MPAC) is a multi-partisan political organization operated in accordance with the provisions of the Indiana State Election Code. It represents REALTORS®, real estate professionals and affiliate members interested in the free enterprise system, real property rights, and the brokerage of real estate, sound government, taxation, and real estate issues affecting our community.