RPAC promoted legislation that stops the Ill. Dept. of Transportation from its practice of regulating “on-premise” business signs near interstate highways (as is required with billboards). The new IAR-supported law insures that REALTORS® will NOT be subject to new fees and state regulation on for-sale signs near interstate highways.
The passage of the Commercial Broker Lien Act has been very helpful in ensuring that commercial brokers are paid for the services they provide. This law has been on the books and intact since 1993.
RPAC helped pass a five-year extension of the National Flood Insurance Program, ensuring access to affordable flood insurance for homeowners across the country and here in Illinois.
RPAC helped extend the Mortgage Forgiveness Debt Relief Act through Jan. 1, 2014. This will help home owners or sellers who have a portion of their mortgage debt forgiven by their lender, typically in a short sale or foreclosure sale for sellers and in a modification for owners. Without the extension, any debt forgiven would be taxable, which, for underwater households, represents a financial burden.
Banks banned from real estate brokerage. As of March 11, 2009, banks are permanently prohibited from entering the real estate brokerage and management business.
Short sales, foreclosures factor into tax appeals. Now, in the appeal process, a taxpayer can factor in short sales or foreclosures - because of their impact on a home value - to ensure that these transfers are included in reviewing and correcting assessments. (Except in Cook County)
RPAC supported a bond proposal in Rockford during the April 2013 elections that increased the countywide sales tax to help pay off school debt and ward off higher property taxes. A local REALTOR® was quoted in the local newspaper on the successful RPAC/REALTOR®-supported campaign issue. "The buyer may be able to afford the payment on the house but when you put in the taxes, it can make or break a house sale."
Homeownership is not a loophole! RPAC helps stop hits to the Mortgage Interest Deduction for American homeowners. According to NAR research, more than 3/4 of homeowners utilize the deduction over the period they own their home and eliminating the MID would cause a 15% decline in the value of homes across the nation.
RPAC has stopped costly fire sprinkler mandates for new, single-family homes in several Illinois communities as well as the far-reaching statewide mandate proposed by the Illinois Fire Marshal in 2013. REALTORS® believe fire sprinklers should be a choice, not a mandate for home buyers and landlords.
RPAC helps protect landlord rights. Many bills have been proposed – and STOPPED by REALTORS® - that affect landlords in Illinois including legislation related to landlord licensing and crime on rental property that would permit all non-home rule municipalities to license and regulate landlords. Specifically, In the spring session of the Illinois General Assembly, RPAC helped stop legislation that would have put landlords at risk of losing their property due to the actions of their tenants (SB 1155 and HB 2437 "crime free housing" initiatives).
Tax increases on real estate transactions. A proposed graduated state transfer tax was stopped that would have raised the state tax from $1 per 1,000 up to $10 per $1,000 for some properties. Similarly, the expansion of the municipal transfer tax to non-home rule municipalities was halted.
Limits on Retainage. A bill to impose limits on the amount of retainage (money held back until completion of services) in commercial construction contracts was defeated in the Illinois legislature.
Attacks on the income tax credit. Efforts to eliminate the income tax credit for property taxes paid were stopped.
Burdensome inspections. Local ordinances that hold up home sales for arbitrary reasons from municipal inspectors.
RPAC dollars do NOT come from member dues. They are voluntary contributions to the PAC from members of the local, state and national REALTOR® associations.
RPAC is the most bipartisan PAC in the country. RPAC supported 55% Republican candidates for public office and 45% Democratic candidates in the 2011 Illinois General Assembly. In the 2012 Federal Election Cycle, RPAC supported 55% Republican candidates, 46% Democrat.
RPAC always has your business interests in mind. RPAC supports pro-business, pro-REALTOR® candidates for public office who understand and support real estate issues. Who gets RPAC support is determined by REALTORS® like you. They are vetted for their pro-business, low tax, pro-growth position on issues that affect the business of real estate.
Only 18% of IAR members give to RPAC. Are you among the 82% who don’t? www.RPACNow.com
Read how Illinois REALTORS®/RPAC made a difference in the 2012 election and in targeted Opportunity Races around the state.
Learn about the local GAD Battles in your area where the RVOICE program has been able to save you and your clients money, stop red tape and fees on real estate transactions, and protect private property rights.
Disclosure: Contributions are not deductible as charitable contributions for federal income tax purposes. The Illinois REALTORS® Political Action Committee (RPAC) collects contributions from members of the National Association of REALTORS (NAR) for political activities. A portion of each contribution will be used for state political activities; at least 30% will be used for federal campaign purposes. The federal portion will be charged against an individual's federal contribution limits under 2 USC 441a. Contributions are VOLUNTARY and refusal to contribute does not affect membership rights. A member may contribute more or less than the suggested amount. A copy of our report filed with the State Board of Elections is (or will be) available on the Board's official website www.elections.il.gov or for purchase from the State Board of Elections, Springfield, Illinois.