Heard a rumor tonight at a get togther that the new Healthcare bill may have 'some' effect on rentals owners... anyone have anymore information on that?!

Is there a summary of the heathcare bill that a 'mere mortal' could read in a couple of hours without the need to digest 2000+ pages of text?!

James

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1987 Mercedes 300SDL; SOLD
1985 Mercedes 300D; SOLD
2006 Honda Pilot - wife's ride; 122K;
1995 Toyota Land Cruiser - 3X locked; 182K

http://candicemiller.house.gov/pdf/hr3200.pdf

When I searched using the term "rental" I found this

and this

I even tried typing in "lease" and I got 9 hits. 5 of those were catching the "lease" name in release and the rest were relating to drugs, equipment loaning, and what is a nursing home.

There were 0 returned results for "landlord"

So no there is nothing in the bill relating to land lords.

Oh please it's only 1000 pages

__________________
-Typos courtesy of my mobile phone.

Thanks OKYAB

__________________
1987 Mercedes 300SDL; SOLD
1985 Mercedes 300D; SOLD
2006 Honda Pilot - wife's ride; 122K;
1995 Toyota Land Cruiser - 3X locked; 182K

Maybe the effect will be that their tenants will live longer, and since they won't be bankrupt from medical bills they will be able to pay their rent!

__________________
1998 C230 330,000 miles (currently dead of second failed EIS, yours will fail too, turning you into the dealer's personal human cash machine)
1988 F150 144,000 miles (leaks all the colors of the rainbow)
Previous stars: 1981 Brava 210,000 miles, 1978 128 150,000 miles, 1977 B200 Van 175,000 miles, 1972 Vega (great, if rusty, car), 1972 Celica, 1986.5 Supra

Google is your friend.
For instance: "Health care reform act landlord & tenant"
gets links like this:

http://www.trexglobal.com/property-management/property-management/health-care-reform-bill-guide-for-landlords-property-managers-and-property-management-companies

Doesn't look like too much difference from what the rest of the country faces.

Try asking on MrLandlord.com. Let us know if you learn anything.

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1977 300d 70k--sold 08
1985 300TD 185k+
1984 307d 126k--sold 8/03
1985 409d 65k--sold 06
1984 300SD 315k--daughter's car
1979 300SD 122k--sold 2/11
1999 Fuso FG Expedition Camper
1993 GMC Sierra 6.5 TD 4x4
1982 Bluebird Wanderlodge CAT 3208--Sold 2/13

Yeah, I did... here is the thread to follow... looks like a mess:

http://bbs2.mrlandlord.com/display.php?id=13837560

My wife and I are nowhere near 250K (or even the half way point), but sounds like we're all going to experience new taxes soon as a result of this bill....

James

__________________
1987 Mercedes 300SDL; SOLD
1985 Mercedes 300D; SOLD
2006 Honda Pilot - wife's ride; 122K;
1995 Toyota Land Cruiser - 3X locked; 182K

Doesn't look like it will hit landlords anymore than it hits other people with income over $250k.
I'd be happier of the health care bill had a public option but it's probably better than nothing for lots of people.

__________________
1977 300d 70k--sold 08
1985 300TD 185k+
1984 307d 126k--sold 8/03
1985 409d 65k--sold 06
1984 300SD 315k--daughter's car
1979 300SD 122k--sold 2/11
1999 Fuso FG Expedition Camper
1993 GMC Sierra 6.5 TD 4x4
1982 Bluebird Wanderlodge CAT 3208--Sold 2/13

It does say that the bill is ameding the tax code so it is safe to assume that.

Either way our tax code sucks, lumping people who make 250,000+ into one category is just stupid.

When I'm on a real computer I'll dig a little deeper in the bill Mercfan. Sorry I missed it

__________________
-Typos courtesy of my mobile phone.

Looks like a pretty good deal too me.

I'm sure you'll find a report that landlords are too be made slaves of the Fascist Socialist Communist Democrat Party of America, and forced to turn their rents over to Obama's One World Government dictatorship. We report, you decide.

Looks like it... unfortunately it means that businesses will pass on this increase to consumers (you and me) no matter what tax bracket we fit...

What was the 'public option' anyway... I knew if was omitted but I missed the definition....

__________________
1987 Mercedes 300SDL; SOLD
1985 Mercedes 300D; SOLD
2006 Honda Pilot - wife's ride; 122K;
1995 Toyota Land Cruiser - 3X locked; 182K

The IRS is starting to dribble out info on the small employer definition defining what businesses will be eligible for the credits. This is the law of the land now fellas.

This came out Friday.
http://www.irs.ustreas.gov/newsroom/article/0,,id=220809,00.html

3 simple steps:
http://www.irs.gov/pub/irs-utl/3_simple_steps.pdf


I don't write the music. I just sing the song.

edit:
I haven't looked into it, but my first question about the credit is: Is it refundable (i.e cash) or is it only available to reduce current taxes (as many credits are) . Huge difference for the average small business owner.

I'm sure you missed the section on "Landlord internment camps"