Missourians vote to ban transfer tax on November 2nd

Intro:	A Jefferson City Realtor says the possibility of a property transfer tax wil put retired Missourians in a bind. Sherman Fabes has more from Jefferson City.
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Wrap: With Missouri not having a transfer tax, The Missouri Realtors Association is attempting to get voters to ban the possibilty.

Co-owner of REMAX Jefferson City, Sharon Keating says if Missouri had a transfer tax, everyone would be affected, especially the retired.

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Description: "Their homes are their major shelter, for retirement and this would just eat into that."

Keating says Ammendment three would make sure homeowners are protected from an unecessary tax.

The county or state would collect the transfer tax every time the property changes hands.

Ammendment three has seen very little public opposition.

From Jefferson City, I'm Sherman Fabes

Intro:	Illinois has it, Missouri does not. And Missouri Realtors say they want to keep a property tansfer tax out of the Show Me State. Sherman Fabes has more from Jefferson City.
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Wrap: Not only Illinois, but all 8 states surrounding Missouri have property transfer taxes.

A property transfer tax would be collected by the county or state every time a property changes owners.

Co-owner of REMAX Jefferson City, Sharon Keating says this bill must be passed to protect homeowners.

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Description: "It's a slippery slope. We just don't want it to get started in Missouri and have it start low and then continue to move up as government needs more money to function."

The ban has met very little public opposition and the Realtors Association expects the ballot measure to pass overwhelmingly.

From Jefferson City, I'm Sherman Fabes

Intro:	It almost didn't get on the November ballot, but Ammendment three will give Missourians their chance to ban a tax that does not even exist. Sherman Fabes has more from Jefferson City.
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Wrap: St. Louis County Republican Representative Mike Leara says Missourians need to vote yes on Ammendment three.

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Description: "I believe there has been discussion of this and it is just premepting any future attempts to tax transfer of title."

Leara says the extra tax is unessecary.

Co-owner of REMAX Jefferson City, Sharon Keating, says the tax would hurt everyone.

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Description: "It would be a devastating blow to an already weak real estate economy."

If a tax was in place, it would get collected every time the property changed hands.

The ban has met very little public opposition.

From Jefferson City, I'm Sherman Fabes.