Video: Liddiard warns tax reforms could negatively affect property owners

Potential changes to tax reforms could weaken the opportunity for home owners to use the mortgage interest deduction and eliminate 1031 like-kind exchanges for commercial property owners, says NAR Senior Policy Representative Evan Liddiard in an Illinois REALTORS® video.

“When you raise that standard deduction, you get rid of all the other itemized deductions, particularly state and local tax deduction, it pretty much takes the bottom out of the MID (mortgage interest deduction) for 95 percent of the people,” Liddiard says.

Illinois REALTORS® Treasurer Dan Wagner and Liddiard emphasize the importance of like-kind exchanges. Wagner says Illinois REALTORS® and the National Association of REALTORS® are keeping a close eye on developments. See the video.

Independent expenditures from Illinois REALTORS® backs Oyler in Peoria

Registered voters in Peoria have received postcards asking them to vote for REALTOR® Zach Oyler for at-large alderman in the consolidated primary on Feb. 28.

The mailings were sent as part of an independent expenditure campaign. Independent expenditure activities take place in support of a candidate for public office without any coordination with the candidate or the candidate’s campaign.

Oyler serves real estate customers through Keller Williams Premier Realty in Peoria. He serves on the board of trustees for the Peoria Historical Society and is the interim executive director of that organization. In 2014, he lost a bid for a spot on the Peoria County Board.

Illinois REALTORS® supports Gambino with independent expenditures

Registered voters in the city of Rockford’s 1st Ward have received postcards asking them to vote for REALTOR® Frank Gambino for alderman in the consolidated primary on Feb. 28.

The mailings were sent as part of an independent expenditure campaign. Independent expenditure activities take place in support of a candidate for public office without any coordination with the candidate or the candidate’s campaign.

Gambino is the broker/owner of Gambino Realtors in Rockford and the owner of Gambino Homes, LLC. He is a former Winnebago County board member, and was a former majority leader on that board. He is a Republican.

Vote next Tuesday in Illinois Consolidated Primary

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To vote in next Tuesday’s Illinois Consolidated Primary across the state, make sure you know where your election authority is located and whether you’re registered to vote.

Check the Illinois State Board of Elections website for your election authority location, plus information about early voting, online registration, voting by mail and much more.

Those who advance past the primary will compete in the Consolidated Election on April 4.

Early voting begins for Illinois primaries with separate permanent and temporary sites

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Today was the first day voters in parts of 10 counties and two cities could take advantage of early voting and grace period registration for the consolidated primaries, according to the Illinois State Board of Elections (ISBE).

Election authorities in Chicago and in parts of Bloomington have designated permanent sites separate from the local election authority office, and the sites are required to stay open on Saturdays, Sundays and holidays. The same is true in parts of Champaign, Cook, DuPage, Kane, Lake, McHenry, Peoria, Rock Island, Tazewell and Will counties. Some election authorities have also set up temporary sites, too. Check with ISBE to get the schedule and locations for each early voting polling place.