LACBOR Legislative Day this Friday, October 1

This Friday, October 1, is the 32nd Annual Legislative Day put on by LACBOR. You are cordially invited to attend. The event starts at 8:00 a.m. downtown – and there’s free and easy parking available in the LA Music Center.

Hall of Administration, 8th Floor Patio
500 West Temple Street, Los Angeles
Free Parking (@ the Music Center)

Free Admission - Free Continental Breakfast and Lunch
8:00a.m.— 9a.m. Registration/Coffee//Fair Opening
9a.m.—12p.m. Legislative Presentations
12p.m.—1:00p.m. Buffet Luncheon
8:00a.m.—1:30p.m. Housing Fair/Exhibitors

Master of Ceremonies: John Noguez, Special Assistant, Los Angeles County Assessor’s Office
“How the State of the County affects you and your Clients"

Hear about HUD’s National “First Look Program”
Find out How Fannie Mae can Help you in “This” Market

HOUSING FAIR FEATURING:
HUD, Fannie Mae, Community Development Dept., L.A. County Assessor, Property ID, Home Inspectors and more...

Supervisors Michael Antonovich, Don Knabe, Gloria Molina, Mark Ridley-Thomas and
Zev Yaroslavsky

Home Retention Workshop, October 2

Please Join Assemblymember Warren T. Furutani and Speaker Emeritus Karen Bass for a
HOME RETENTION WORKSHOP

Are you getting behind on your mortgage payments?
Are you struggling with your lender to modify your loan?
Are you underwater on your house note?

Get Help!

Take this opportunity to speak with your Assemblymember about legislative efforts to help Californians keep their homes, as well as FREE Foreclosure Prevention counseling with HUD Certified counselors.

Saturday, October 2, 2010
10:00 a.m. - 12:30 p.m.

Registration begins at 9:30 a.m.
Panel Discussion 10:00 a.m. - 11:00 a.m.
Workshop Counseling 11:00 a.m. - 12:30 p.m.

New Philadelphia AME Church - Sanctuary
19100 South Susana Rd. (Victoria Ave. & Del Amo Blvd.)
Rancho Dominguez, CA 90221

Click here for more information.

New Business Tax on REALTORS in Manhattan Beach?

In mid-August, the City of Manhattan Beach once again announced it would levy a business tax on REALTORS®. Called a “punitive tax” by a member of the Manhattan Beach City Council, this tax comes at a bad time in the economy – and even in a good economy, the City has no legal authority to impose this tax.

If you live or do business in Manhattan Beach, come to the September 21 City Council hearing. If you live or do business in another city, remember that a change in business taxes could affect you too. Different cities have different ways of collecting business taxes, however we urge cities to remember these key points:

• REALTORS® in California cannot legally work without a broker, and as such cannot operate as independent contractors for business tax purposes. REALTORS® should not be taxed as independent contractors for the purpose of a business license.
• New taxes on REALTORS® may need voter approval, according to Proposition 218. Cities do not have the authority to simply impose a new business tax.

SBAOR has been at the forefront of this issue since last April. Media coverage includes the Daily Breeze (August 29), the Beach Reporter (August 26), and Manhattan Beach Patch (September 2).

Watch this space for additional updates on business taxes as the hearing date approaches.