Act Now! If your company is an S-corp, LLC, LLP, partnership or other pass-through entity, urge Congress to include additional tax relief for YOUR Business in the GOP tax bill.
Preliminary analysis of H.R. 1, the Republican Tax Cuts and Jobs Act, before the House Ways and Means Committee shows that most AGC members will likely see little tax relief because the bill is skewed to provide tax relief for C-corps and not the more common forms of business structure in the construction industry like S-corps, partnerships and the like. Urge your member of Congress to fix the bill to ensure S-corps, LLCs, LLPs and partnerships are treated fairly compared to C-corps under the tax code.
The Senate is expected to release their version of tax reform this week, so send your senators a message too.
The Birmingham Section started 2015 with a political reception at the Murray Building Co. jobsite at the old Merita Bread Bakery. More than 150 members were in attendance with city and state officials. Everyone enjoyed a tour of the site as well as barbecue from Joe McNabb and Hendrix Chevrolet.