Friday, August 6, 2010

Federal Sales Tax on Home Purchases?

Source: Texas Association of Realtors

An Internet rumor continues to spread FALSE INFORMATION about a supposed tax on home sales. The erroneous e-mail claims that a provision of the healthcare reform bill passed earlier this year will place a tax on "all real estate transactions" in 2013. NOT TRUE.

The e-mail includes a guest editorial in a Spokane newspaper with the false claim. It doesn't, however, mention the corrected information sent to the newspaper the next day from the local association of REALTORS®.

To learn more about this myth, go to FactCheck.org.