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Producer accruals from Tax Cuts accounting near $1 billion mark

The Tax Cuts & Jobs Act (TCJA) with which President Donald Trump and his party closed out 2017 is already spurring returns in concrete, aggregates and cement. A lowering of the corporate tax rate from 39 percent to 21 percent, coupled with reduced liabilities for deferred tax payments, is reflected in major operators’ final 2017 financials and stepped up 2018 capital expenditure projections.

Read more: Producer accruals from Tax Cuts accounting near $1 billion mark

Tax reform codifies fairness model for resilient-building advocates

California and New York officials groused at the state and local tax (SALT) deductibility cap in the Tax Cuts and Jobs Act. Proponents of the new law rightly noted how the rest of the country had subsidized those and a few other states whose residents could lower their federal income tax liabilities by itemizing state and/or local income and property tax payments.

Read more: Tax reform codifies fairness model for resilient-building advocates