REALTORS® POLITICAL ACTION COMMITTEE (RPAC)
What is RPAC?
The purpose of RPAC is clear: REALTORS® raise and spend money to elect candidates who understand and support their interests. The money to accomplish this comes from voluntary contributions made by REALTORS®. These are not members’ dues; this is money given freely by REALTORS® in recognition of how important campaign fundraising is to the political process. RPAC doesn’t buy votes. RPAC enables REALTORS® to support candidates that support the issues that are important to their profession and livelihood.
- Rent Control – We worked aggressively to share the harmful effects of rent control with local media and legislators. CAR strongly opposes rent control and strongly advocates for affordable housing solutions. While CAR and opponents of rent control made great strides in the first half of 2019, this remains a hot topic and it’s important that legislators and representatives are acutely aware of our opposition to any form of rent control.
- Transfer Tax: CAR successfully stopped five attempts to increase the real estate transfer tax to address the issues of homelessness, lead pipes and police pensions. CAR is steadfast in our belief that an increase in the transfer tax would not generate the revenue needed to address these concerns, and it’d only be a burden to home buyers and sellers.
- Property Tax Appeals – We continually work to educate consumers and REALTORS® on the importance of appealing property assessments. Check out our guide and an easily shareable infographic.
- State and Local Tax Deduction – We brought your State and Local Tax Deduction concerns to leadership in Washington, advancing them into national talking points for NAR’s Mid-Year meeting. In a high-tax state like Illinois, it’s important to keep it.
- Tax Reform
- Despite the record-breaking response to a national REALTOR® Call for Action, Congress passed the Tax Cuts and Jobs Act of 2017. We will continue to monitor the act’s impact on homeownership and take action where appropriate.
- SALT – We are continuing to bring your State and Local Tax Deduction concerns to lawmakers as we look at the impact the new law has had on Chicago.
- Capital Gains – Your participation in the nationwide Call for Action against the reverberated through the halls of Congress and helped to save the exclusion for capital gains on the sale of a home and preserved the like-kind exchange for real property.
- Pass-through Businesses – REALTORS® that operate as independent contractors or from pass-through businesses enjoy a major deduction.
- Economic Review – We performed a thorough review of the impact of the presidential administration on the economy, how local funding and taxes are affecting the national debate on state and local taxes (SALT) and other budget discussions.
- Grants – We partnered with Roosevelt University to power research projects through REALTOR® Game Changer Grants.
- Pet-Friendly Buildings – We’re developing strategies to increase the awareness of pet-friendly buildings. Add your building to our registry
- Prevailing Wage Ordinance – We organized with other groups to testify against labor-backed changes to hinder development and job growth through a prevailing wage requirement on all tax incentive properties classified as 6(b) and 9.
- 6B Real Estate Tax Incentives – CAR worked to mitigate some unintended consequences that had the potential to hurt our members from the 6B incentive ordinance.
- National Flood Insurance Program (NFIP) Reinstatement – Lawmakers have passed a series of short-term extensions to the vital National Flood Insurance Program. 22,000 cities across the country use flood insurance, but there have been difficulties in getting a long-term reauthorization. As of now, it seems there will be another extension, but only for a one-year term. CAR will continue fighting for a longer, reformed plan instead of another short-term extension.
View RPAC’s Major Investors
Contributions to RPAC are not deductible for federal income tax purposes. Contributions are voluntary and are used for political purposes. The amounts indicated are merely guidelines and you may contribute more or less than the suggested amounts. The National Association of REALTORS® and its state and local associations will not favor or disadvantage any member because of the amount contributed or decision not to contribute. You may refuse to contribute without reprisal. Up to thirty percent (30%) may be sent to National RPAC to support federal candidates and is charged against your limits under 2 U.S.C. 441a. A copy of our report filed with the State Board of Elections is (or will be) available on the Board’s official website www.elections.il.gov or for purchase from the State Board of Elections, Springfield, Illinois.