Real Estate Articles

March 2019 Government Affairs Report on STATE Laws affecting Real Estate | By: a Rue McFarland

Heads Up fellow KREIA Members. There are many laws, rules, and regulations already passed and pending affecting real estate owners and landlords.

MAYOR Fischer has proposed a new 15% tax on insurance premiums. A fellow KREIA member had a multi-acre tract of land already under contract for a large out of town developer and his buyer backed out of the deal because of this new proposed tax by the Mayor.

Please contact all of the council people who represent the area where you own real estate and let them know to cut their budget just like me and you have to do when our income changes. Let them know to not touch public services like police, fire, ems and first responders. Tell them to whack all of the extra departments the Mayor has added to Metro Louisville.

Take a look at Metro Louisville Budget ending in summer of 2018. Call your Council Person and cut the highlighted areas and keep all public services. (Excerpt from 185 page budget)

Click to VIEW Kentucky State Laws Legislative Update involving Real Estate 14-page PDF  (Kentuckiana Real Estate Investors Association) does not give legal, tax, economic, or investment advice. KREIA disclaims all liability for the action or inaction taken or not taken as a result of communications from or to its members, officers, directors, employees and contractors. Each person should consult their own counsel, accountant and other advisors as to legal, tax, economic, investment, and related matters concerning Real Estate and other investments.   

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