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Legislative Session Update
LOUISIANA REALTORS • April 24, 2017
Legislative session is well underway in the state's capitall! Last Tuesday, Louisiana REALTORS® was prepared to testify against House Bill 562, which proposes a professional services tax on immovable property, but that legislation was not heard in committee.
LR was successful in moving its sponsored legislation out of the Senate Commerce Committee on Wednesday. Senate Bill 108 by Senator Bodi White will be voted on this week by the full Senate. A full recap of Senate Bill 108 is noted below:
This legislation will require out-of-state licensees doing business in Louisiana to either become licensed in the state or co-broke with a Louisiana licensee when conducting business. The legislation provides for a misdemeanor penalty for those who violate this section of the law.
LR will continue working with many other business groups and lobbying against the Commercial Business Activities Tax (House Bill 628) which is scheduled for the House Ways & Means Committee on Monday, April 24th.
For information or clarification on any issues during the legislative session please contact Norman Morris.
The Louisiana REALTORS® Board of Directors will conduct several elections this Spring. Interested candidates that meet the qualification who are looking to serve at either the state association level or the national association level are encouraged to view the criteria and submit an application. An application that is not submitted on the appropriate form or not submitted pursuant to the instructions shall not be considered as submitted timely.
Nominations are open now through March 28, 2025, for the Louisiana REALTORS® 2024 REALTOR® of the Year & the 2024 Lawrence R. DeMarcay, Jr. Distinguished Service Award. Both awards are aimed to showcase an individual who has volunteered their time in service to the real estate industry. Recipients of the awards will be recognized during the Spring Legislative Conference. (Registration coming soon!) Please see the below links with the selection criteria and consider submitting a nomination today. Contact Donna Teekel at (225) 224-0704 or dteekel@larealtors.org with any questions.
Current real estate trends indicate a growing need for flexible areas, smart home technologies, and energy-efficient designs as the needs of today's homes evolve.
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