House Tax Proposal will harm many New York homeowners

Statement from NYSAR CEO Duncan R. MacKenzie
“Our initial read of the House tax proposal released today is that it will harm many New York homeowners. It will lessen the value of the property tax deduction and it cuts a host of other key housing-related tax incentives. New York’s REALTORS® urge the seven GOP House members from New York who voted with homeowners last week to continue to resist this tax reform proposal.  We will have additional comments upon a thorough reading of the bill.”