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Important to local taxes, local organizations have an important role in regulating the distribution of wealth and income, to curb real estate speculation and other aspects. But it should be noted that the introduction of the road will be relatively long, including legislation needs to be done. It is reported that the real estate tax law draft is being used by the National People's Congress Working Committee budget draft to seize the lead, with the participation of the Ministry of Finance legislation. Experts said that real estate taxes indeed affect the whole body, leading real estate tax by the NPC legislation, draft legislation will help more objective and authoritative, more representative of the majority of public opinion. 2 Do not set to 'exemption amount' is the focus of the real estate tax reform and the possibility of landing in the short term and small for the current real estate tax reform around a lot of controversy, Chinese Academy of Social Sciences Research Office of Finance and Economics Academy of tax Bin believes in legislation and the reform process, the need to strike a balance between short-term impact on the property market real estate tax and local economic development, properly handle the relationship between real estate tax and land value-added tax and other taxes and the like. In addition, the introduction of timing, how to levy, it does not set the focus of reform 'exemption amount', which are the present. 'In the long run, the purpose of real estate tax legislation is to reduce the tax burden in the development of trade links, to maintain links to increase the tax burden, thereby improving the formation mechanism of housing prices.' Zhang Bin said that the future, with the reform of urban and rural land system and promote the real estate market changes in real estate tax legislation must reserve space for the next rural housing and land reform. Ni Pengfei said that when the real estate tax must be combined with social development, and the market is expected to have in advance. The main factor from the current perspective, the introduction of real estate taxes on the real estate market impact, but not changes in the market. Centaline Dawei, chief analyst, said China's real estate market has entered a new normal, given the necessary precondition for the introduction of the current real estate tax - registration of real estate has not been fully completed, the possibility of real estate tax in the short term landing small impact on the market for the moment very small. 'Legislative plan, the clearer, more transparent tax policy, people will plan ahead for the future, such as the real estate tax levy on real estate investment and economic life is expected to make arrangements, but also help the economic development and social stability.' Shizheng Wen