Legislative Day 2013 was a big success! Governor Brown addressed a record crowd of 2,300 REALTORS®. More than a thousand members gathered to take their picture in front of the Capitol steps. Afterward, they met with their Legislators to talk about C.A.R.’s Hot Issues. In the evening, Legislators joined their local constituents for an evening of music, food and fun at the Capitol Reception.
With such a strong showing of REALTORS® at Legislative Day, C.A.R. was able to educate Legislators about the importance of our issues. For example, Assemblymen Ting has made AB 905 a two year bill meaning that it will not be pursued further this year. What follows is a complete description of the C.A.R. Hot Issues:
AB 42(Perea)/ SB30( Calderon) – Short Sale Debt Forgiveness – Sponsor C.A.R. is sponsoring AB 42 (Perea) and SB 30 (Calderon) which will conform California law to federal tax law making clear that debt forgiven in a short sale is not income.
AB 905 (Ting) – Private Transfer “Tax” – OPPOSE C.A.R. is OPPOSING AB 905 (Ting) which creates a private transfer tax to fund environmental improvements to a property. C.A.R. is opposing AB 905 because it forces a financial burden on future owners of a property with no oversight, no accountability and no limit on how long the tax can be imposed, even years after the improvement has been paid for or the useful life of the improvement has been exhausted.
AB 1164 (Lowenthal) – Wage Liens on Property – OPPOSE C.A.R. is OPPOSING AB 1164 (Lowenthal), a bill that creates a new super-lien for wage claim disputes. C.A.R. opposes AB 1164 because it threatens the availability of mortgage finance, denies due process to the owner of the property, and unnecessarily clouds title. AB 1229 (Atkins) – Rent Control – OPPOSE C.A.R. is OPPOSING AB 1229 (Atkins), a bill that would dramatically weaken the rent control limitations contained in the landmark “Costa-Hawkins” law sponsored by C.A.R. in 1995. AB 1229 proposes to decimate Costa-Hawkins’ protections by allowing local governments in rent control jurisdictions to impose inclusionary zoning on newly constructed rental housing developments. AB 1229 effectively repeals that part of the C.A.R. sponsored Costa-Hawkins legislation that says new construction in a rent control jurisdiction is exempt, or NOT subject to rent control.
Thank you for helping to make Legislative Day 2013 such a big success. We look forward to seeing you again in 2014. Only 355 days and counting!