Each April, having just completed filing individual taxes, we all become acutely aware of the impact tax laws have on us, on a very personal level. Our thoughts turn to tax planning and we need to consider new tax laws and regulations, as well as new deductions that have been enacted and old ones that are expiring.
To this end, two articles in this newsletter are worth a special look. The first is David Grubb's blog on tax planning for 2014. In it he discusses new tax provisions available to business and points out expiring laws that might be important to consider.
One such expiring provision is EPAct 179D, which is discussed in a release in our Latest News section. Having expired as of January 1 2014, it has been included as one of 55 expiring provisions in the EXPIRE bill now being considered in the Senate. The Latest News article titled National Electrical Manufacturers Association and the Energy Tax Savers Ask for Help to Advocate for EPAct 179D Extension
gives details on you can support this energy efficiency credit if you want it to remain a valuable asset to the construction industry.