REALTORS® have won a remarkable victory in preventing the Business and Occupation (B&O) tax increase. Due to our efforts the 2010 temporary B&O tax increase on real estate brokers and other business services will not become permanent (as was proposed), and expired June 30, decreasing the tax from 1.8% to 1.5%.
It is widely recognized in Olympia that this victory would not have happened without the REALTORS® taking the lead and organizing the business community. YOU made the difference. Now THAT's clout!
After a full 4 month state Legislative Session and 2 month-long Special Sessions our efforts to put money back in REALTOR® pockets have succeeded!