The House Ways & Means Committee has set a "hearing on Federal tax provisions that affect residential real estate as part of the Committee's continued work on comprehensive tax reform," on April 25. This is one more step in a long process of the tax reform discussions at the national level. National Association of REALTORS President Gary Thomas will be providing testimony to the committee on behalf of REALTORS.

Also, last week NAR submitted testimony to the Ways & Means Committee regarding the need for MID preservation. To read NAR's tax policy document, click here.