Be sure to vote YES for the Protect Our Homes Initiative on Election Day (November 4th, 2008). A YES vote means no to double taxation with the proposed real estate transfer tax (RETT).
What is a Real Estate Transfer Tax?
A real estate transfer tax (RETT) is a state or local government imposed tax that is collected when you transfer ownership of your home, land or commercial real estate. Typically, once the tax is initiated, the rate can be increased by the state, county or city at any time.
Why YES! Means NO TO DOUBLE TAXATION!
You may wonder why a YES vote stops double taxation? Good question!
By voting yes, you are approving a citizens' initiative that will amend the Arizona Constitution and provide the best protection our homes can have against the damaging effects of a real estate transfer tax... which is a double tax on our homes.
While we currently do not have a real estate transfer tax, there is nothing prohibiting state or local governments from enacting one at any time. The best possible way to stop the state legislature or any special interest from ever enacting this tax is to amend the Arizona Constitution, prohibiting this tax. And to amend the Arizona Constitution you need to vote Yes on the amendment.
So, to ensure there is never a Real Estate Transfer Tax you will need to vote YES on the Protect Our Homes Initiative. This is a unique example of when YES actually means NO to a tax.
To read more on this very important issue, please visit http://www.protectourhomes.com/
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