Federal Issues & Legislation

NAR Defends AHP Rule
National

The National Association of REALTORS® filed an amicus brief in defense of the Department of Labor's (DOL) Association Health Plan rule late last week in an effort to give REALTORS® additional health care options.

Flood Insurance Update
Federal
The two top lawmakers on the House Financial Services Committee reached an agreement to extend the National Flood Insurance Program another four months, the 11th short-term extension of this financially troubled program in less than two years.
REALTORS® Call for Action!
Local
Please let our Representatives know that Georgia REALTORS® support House Bill 302!
NAR Urges Deduction for Rental Income
Federal

The Tax Cuts and Jobs Act includes a 20 percent deduction from the net business income of sole proprietors and owners of S corporations, partnerships, and limited liability companies.  The new deduction is intended to provide roughly the same tax rate cut the Act provided to regular corporations.  However, it is unclear whether owners of rental real estate will be able to claim the deduction.

Labor Rule Allows for AHPs
Federal

The U.S Department of Labor (DOL) has finalized its long-awaited Association Health Plan (AHP) rule to expand the definition of "employer" to include "working owners." This change allows real estate professionals and other self-employed individuals to participate in association health plans. A key provision, forwarded for inclusion in the rule by NAR, will allow many REALTORS® who have access to coverage through a spouse to be eligible to choose an AHP option.

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