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RPAC: Fighting for You

The REALTORS® Political Action Committee (RPAC) collects voluntary contributions from members and uses those funds in a bipartisan manner to support pro-REALTOR® candidates for public office who help IAR win the fight on public policy issues affecting your business, including private property rights, government regulation of the industry, and taxes and fees affecting real estate.

 

REQUIRED RPAC DISCLOSURE LANGUAGE:

“Payments or contributions to your local Board of REALTORS®, the Illinois and National Association of REALTORS®, and RPAC, either state or federal, are not deductible as charitable contributions for federal income tax purposes.  Local, State and National dues may be deductible as a business expense.  If in doubt, please consult your tax advisor.  Contributions to RPAC are voluntary, and the amount listed for RPAC is merely a suggestion.  You may contribute more or less or refuse to contribute without reprisal and without affecting your membership rights.  Seventy percent (70%) of your contribution will be used by Illinois RPAC to support state and local candidates; thirty percent (30%) will be sent to national RPAC to support federal candidates (if the contribution qualifies for use in federal campaigns pursuant to federal election law; if it does, the contribution will be charged against your contribution limits under 2 U.S.C. 441a), or it will be sent to the NAR Political Advocacy Fund to fund grassroots REALTOR® political activities.  Copies of reports for Illinois RPAC are filed with the State Board of Election and are (or will be) available on the Board’s official website:  http://www.elections.illinois.gov or for purchase from the State Board of Elections, Springfield, Illinois.”

 

Federal Income Tax Law

2015 provisions of federal income tax law regarding lobbying expenses make the following portion of your dues not tax deductible:

 
Estimated Lobbying Expense Percentage Non-Deductible Portion:
 
National Association of REALTORS® 37% of $120 Annual Dues = $44.00
Illinois Association of REALTORS® 25% of $210.00 Annual Dues = $52.50
Total Dues amount that is not tax deductible = $96.50
 
Mainstreet Local Dues are 100% tax deductible 

Accounting Forms

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