Equipment manufacturers propel mechanics apprenticeships

Sources: Associated Equipment Distributors, AEF Foundation, Schaumburg, Ill.; CP staff The U.S. Department of Labor has approved the AED Foundation (AEDF) as a Standards Recognition Entity (SRE) for heavy equipment or truck mechanics and service technicians and diesel engine specialists. The designation allows it to guide Associated Equipment Distributors members as they launch Industry-Recognized Apprenticeship Programs.

Read More

Producer, contractor coalition books favorable depreciation, expensing levels in federal tax package

Sources: National Ready Mixed Concrete Association, Silver Spring, Md.; CP staff

A tax extenders package accompanying the $1.15 trillion Consolidated Appropriations Act of 2016 Congress passed ahead of the holiday break has two major provisions benefitting concrete producers and their contractor customers: an extension of the 50 percent bonus depreciation for capital equipment purchased in 2015–2017, phasing to 40 percent and 30 percent in 2018 and 2019; and, permanent extension of Section 179 expensing limits and phase-out amounts, $500,000 and $2 million, respectively, that were in place from 2010 through 2014 but lapsed to $25,000 and $200,000 this year.

Read More