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Tag: taxes


Construction Processes, Financial

17 states are cutting income taxes this year

January 8, 2024

Via: Construction Dive

The decline in business tax rates vary from state to state. Of the half dozen state’s trimming their corporate income tax rates, Arkansas’s will drop to the lowest level, with top marginal rates of the state’s corporate income tax falling […]


Construction Processes, Financial

5 strategies construction firms use to lower their taxes

July 8, 2021

Via: Construction Dive

A recent Construction Dive analysis revealed that public construction firms’ effective federal tax rates are among the lowest of any sector. The 19 largest profitable firms in the industry paid a collective 16.8% on their U.S. profits in federal taxes […]


Construction Processes, Financial

Most contractors won’t pay more taxes under Biden’s infrastructure plan: CPA

April 19, 2021

Via: Construction Dive

Most contractors won’t pay more in taxes under President Joe Biden’s $2.3 trillion infrastructure proposal, while the infusion of cash to fund more public construction projects would provide a significant upside for their businesses, according to a certified public accountant […]


Construction Processes, Financial, Legal

UBC: $2.6B in taxes lost yearly to under-the-table pay

March 19, 2019

Via: Construction Dive

The United Brotherhood of Carpenters (UBC) has levied a serious charge against the U.S. construction industry — that it is shorting the American taxpayer to the tune of up to $2.6 billion each year by making under-the-table payments to more […]


Construction Processes, Financial, Interaction of Expertise

San Antonio suburb approves tax district for $250M mixed-use project

January 23, 2019

Via: Construction Dive

Solms Landing will also generate $320,000 of construction sales taxes for the city, according to developers, and $2.6 million in sales taxes for the state. Once complete, the development is expected to provide an annual payoff of almost $2 million […]


Construction Processes, Legal

Court fines construction business owner $531K for FLSA violations

January 10, 2019

Via: Construction Dive

The vast majority of construction firms pay their employees what they’re owed, but there doesn’t seem to be a shortage of contractors who cheat their workers, be it to “save” an over-budget job or just out of plain greed. In […]


Construction Processes, Financial, Legal

Taxes funding US highway construction aren’t enough

September 18, 2017

Via: Construction Dive

Improvements in fuel efficiency and a federal gas tax — which has remained unchanged since 1993 — have been largely responsible for stunted growth in gas-tax revenues that fund the HTF. To remedy that holding pattern, industry groups and lawmakers alike are […]


Construction Processes, Financial

These buildings paid the highest property taxes in 2016

May 25, 2017

Via: BDCNetwork

Ben Franklin is often attributed as saying only two things are certain in life: death and taxes. While this quote rings true, it can be assumed Franklin didn’t predict some entities would be handed a tax bill of $71 million […]


Construction Processes, Financial

Tax Increase Pumps $52 Billion Into California Construction

April 19, 2017

Via: ENR

The first wave of new road projects could go out at the beginning of 2018 now that the California legislature has approved $52.4 billion over 10 years from a new 12-cent-per-gallon gasoline tax. SB-1 was approved late in the evening […]


Construction Processes, Financial

Portland, Ore., City Council approves construction excise tax for affordable housing

July 15, 2016

Via: BDCNetwork

The Portland, Ore., City Council approved a 1% construction excise tax. The tax is expected to raise $8 million a year to fund affordable housing initiatives. Both residential and commercial projects are subject to the tax. The Oregon Legislature repealed […]