Sentences with phrase «homeownership tax»
The phrase "homeownership tax" refers to various taxes that homeowners have to pay. These taxes are specifically related to owning a home, and they can include property taxes, real estate taxes, or other taxes imposed by the government on homeowners. Full definition
Growth in home sales and prices is contributing to a broader improvement in the overall economy, aided in part by current homeownership tax treatment.
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To provide developers an incentive to build or acquire for rehab affordable for - sale housing, another bill, the Community Development Homeownership Tax Credit Act, S. 875, would make available a credit that developers could apply against their federal tax liability.
«New Perspectives on Homeownership Tax Incentives.»
A full three - fourths of these resources go to help subsidize the homes of the richest families through the mortgage interest deduction and other homeownership tax benefits.»
A majority of recently surveyed homeowners say that changing homeownership tax incentives would restrict their mobility and cause them financial strain, according to new data from the National Association of REALTORS ®» fourth - quarter Housing Opportunities and Market Experience survey.
«It would provide a robust homeownership tax credit that would have helped up to 37 million additional homeowners who do not currently itemize.
Support the low - income homeownership tax credit initiative, proposed by industry groups in 2000 but not acted on by Congress.
Two other provisions — the automobile sales tax credit ($ 1.7 billion) and the homeownership tax credit ($ 6.6 billion)-- subsidized the purchase of cars along with homes for first - time buyers, thus targeting benefits for two industries hit hard by the Great Recession (Urban - Brookings Tax Policy Center 2009b, c, e, f, g, i).
High on the agenda will be advocacy issues like prohibitive mortgage fees, national disaster and flood insurance, property investments, and ensuring that 95 percent of households don't lose their homeownership tax benefits under recently proposed tax reform plans.
The NAHB will promote a tax policy that includes a homeownership tax incentive, low - income housing credit, remodeling incentive with a focus on energy efficiency, deduction on interest for small businesses and capital gains exclusion for those who sell their principal residence.
NAHB continues to decry the House of Representatives» rejection of a homeownership tax credit that would include both mortgage interest and property taxes to benefit up to 37 million additional home owners, and has served notice that we plan to deploy all necessary resources to ensure that the middle - class tax benefits of homeownership are part of this week's planned release of a tax reform package.
More than 50 builders from across the nation are traveling to Washington this week to hold meetings with key House and Senate Republican leaders and urge them to include a homeownership tax credit in tax reform legislation pending in both chambers of Congress.