2021-22 Dues Deductibility Statement
Payments to the Colorado Association of REALTOR® are not deductible as charitable contributions; however, such payments may be deductible as ordinary business expenses in accordance with IRS rules and regulations. The $91.23 of your year 2021 ($34.23 for CAR and $57.00 for NAR) dues and $25.00 for RPAC voluntary dues is not deductible as a business expense because this portion is used for lobbying or the support of candidates at the local, state and/or national levels. CAR estimates that $5.00 in CAR dues will be used to reach the RPAC goal set by NAR.
*A portion of your RPAC voluntary fair share amount may be used to support federal candidates and will be charged against your limits under 52 U.S.C. 30116. No later than April 1, 2020, you may check Colorado REALTORS.com to determine the portion. After CAR reaches its RPAC goal it may elect to retain your entire contribution for use in supporting state and local candidates and issues. You may contribute more or less than the suggested RPAC amount. You may refuse to contribute the $25.00 RPAC voluntary fair share amount without reprisal and the National Association of REALTORS® or any of its state associations or local boards will not favor or disfavor any member because of the amount contributed or a decision not to contribute. Until the state PAC reaches its RPAC goal, 30% is sent to National RPAC to support federal candidates and is charged against your limits under 52 U.S.C. 30116; after the state PAC reaches its RPAC goal it may elect to retain your entire contribution for use in supporting state and local candidates.
For Information Purposes Only
As a reminder, on June 11, 2009 the CAR Board of Directors approved a motion to require that local boards include on each board’s annual membership dues statement the RPAC voluntary contribution for not less than the approved Fair Share amount of $25 above the line. Additionally, on May 17, 2014, the National Association of REALTORS® adopted Mandatory Core Standards requirements for all local boards. One of the standards is to include the voluntary RPAC contribution on the dues bill. The inclusion of RPAC donations on the dues bill shall be deemed a fulfillment of this core standard, regardless of the association’s ability to collect the full amount of its established goal.
For more information on RPAC, please visit: https://realtorparty.realtor/rpac