Source: Associated Builders & Contractors, Washington, D.C.
A U.S. Department of the Treasury analysis confirms that a typical construction company faces an average effective federal tax burden of 30.3 percent against the 23.3 percent average for all U.S. businesses. The industry likewise pays the highest effective tax rate—the percent of income businesses actually pay in taxes—of any sector of the economy.
Sources: ASTM International, West Conshohocken, Pa.; CP staff
A first-of-its-kind consortium in the green-building industry convened 15 manufacturers and industry representatives in a roundtable discussion on the needs for enhancing product transparency and stewardship through effective product category rules (PCR), life cycle assessment reports (LCA), environmental product declarations (EPD), and Sustainable Minds Transparency Reports.