What the Tax Overhaul Could Mean for the Construction Industry

The tax overhaul could have a positive impact on the public construction sector thanks to the uninterrupted flow of private-activity bond financing

December 18, 2017

Construction Dive

With Congress set to vote on the finalized tax bill and send it to President Trump, the construction industry should prepare for how the bill could impact the industry. On the positive side, the public construction sector could benefit from the uninterrupted flow of private-activity bond financing. In addition, contractors structured as pass-through entities and C Corporations will see significant tax relief.

The latest version of the bill sets a new 21% tax rate for corporations. For pass-through entities, the new bill sets a 20% break on income.

(more on how the tax overhaul could impact construction and other industries...)

White Cap has also acquired Crimson Steel Supply, LLC (Crimson Steel), a distributor and fabricator of engineered steel rebar and structural steel products serving non-residential and infrastructure end markets.

White Cap Expands Reach in Oklahoma, Oregon

White Cap has acquired Bend Construction - a supplier of struts, fasteners, anchors, and concrete accessories and products - and Crimson Steel - a distributor and fabricator of engineered steel rebar and structural steel products.

The Port of Baltimore is used by many of the largest construction machinery manufacturers.

Construction Supply Chain and the Baltimore Bridge Collapse

How much will construction and other supply chains be impacted by the collapse of the Baltimore Bridge and the suspension of traffic through the Port of Baltimore? End users may temporarily face delays and increases.

Emerging technologies and advancements including visual intelligence, sensors, Internet of Things (IoT) devices, robotics, immersive collaboration and 3D printing are surging in popularity among contractors and construction professionals.

Construction Trends for 2024

While the industry will continue to go through transformation like many others, those willing to marry the fundamentals of the craft with new technology and sustainable building methods can continue to experience great success in 2024 and beyond.

Reputable sellers, UCC searches, and ensuring all paperwork is accounted for are all good practices to follow.

Buying Used Concrete Equipment? Beware of Hidden Liens

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Shortly after its origin, the Cary-Lift product line was acquired by Pettibone, and it remains a popular solution for pipe, pole, and log handling to this day.

Pettibone Celebrates 75th Anniversary of Cary-Lift

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Terry Harris began his career in the concrete industry in 1979 and has more than four decades of experience with ready mixed concrete, precast, masonry, and admixtures.

Concrete Industry Veteran Earns Leadership Award

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Unicontrol and Level Best, united in their commitment to driving innovation and efficiency in the construction industry, aim to push the boundaries of construction technology, setting new benchmarks for excellence as the industry becomes increasingly receptive to these advancements.

Unicontrol to Integrate 3D Tech With Level Best Equipment

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The electric-powered excavator can be charged rapidly using the PowerTree.

DEUTZ Highlights Eco-friendly Parts, Software

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Gerrit Marx.

CNH Names CEO

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Deere3

Deere, Purdy Search for Chief Tractor Officer

To apply, candidates must submit a short-form video with their pitch for the position, showing the creativity, humor, and passion they’d bring to the job.

White Cap has also acquired Crimson Steel Supply, LLC (Crimson Steel), a distributor and fabricator of engineered steel rebar and structural steel products serving non-residential and infrastructure end markets.

White Cap Expands Reach in Oklahoma, Oregon

White Cap has acquired Bend Construction - a supplier of struts, fasteners, anchors, and concrete accessories and products - and Crimson Steel - a distributor and fabricator of engineered steel rebar and structural steel products.

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Designing an Effective Hiring Process

Getting the right people on your team is critical to the sustainability of your business. High turnover rates or underperforming team members can have a detrimental impact on your business and profitability.

Kemp Tour 2

Club Car Opens UTV Factory in US

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Changing Colors: Yanmar Turns to Red

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Located in Apodaca, a city in the Monterrey metropolitan area, the site was strategically selected to supply OEM customers with products and services such as tire mounting, sequencing, just-in-time supply and warehousing on a local basis.

OTR to Open Factory in Mexico

Located in Apodaca, a city in the Monterrey metropolitan area, the site was strategically selected to supply OEM customers with products and services such as tire mounting, sequencing, just-in-time supply and warehousing on a local basis.

The new facility, focused on high complexity and high variation specialty fifth wheel manufacturing, will include the current SAF-HOLLAND Wylie, Texas operation.

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Volvo Ce Pioneers E Shuttle Service To Cut Transport Emissions 660d7bf383081

Volvo Construction Testing Out Excavator Delivery in France With E-shuttle

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Volvo CE Reports Slow Q1 Sales, Orders

Overall, order intake for the Volvo brand decreased in line with market development in Europe and North America.

Canadian-based tech company Mercator AI has announced it is expanding into the U.S., starting with Texas.

Construction AI Tool Expands to US

Mercator AI, the AI-powered business development tool for commercial general contractors, announced its expansion into Texas.

Tenna

Tenna, Boom & Bucket Partner on Integration for Equipment Valuations

The strategic partnership and integration aims to enhance a construction business’ ability to manage the lifecycle of their owned fleet.

Preliminary net trailer orders decreased nominally from February to March.

Trailer Orders Down 24% YoY

Industry experts expect truck trailer orders to face a year of transition.

Fires. Tornadoes. Water damage. All of these disasters, and other unexpected events, often lead to large property losses that can devastate businesses.

3 Tips for Managing Economic Risks on Construction Projects

While you can’t eliminate risk entirely, you can take steps to help reduce it, avoid it and protect against it.

Worker safety is an area where confirmation bias can have the most disastrous effects, exposing workers all types of potential dangers.

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Confirmation bias can be particularly problematic in project and schedule management, where decisions must be based on accurate and comprehensive information.

The awards will be presented at the 2024 ASCC Annual Conference scheduled to take place Sept. 18–21.

ASCC Opens Annual International Decorative Concrete Council Awards Program

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Specific details regarding the actual price change will be communicated directly to customers by Trelleborg tires representatives in each market.

Trelleborg Tires to Implement Price Increases

Trelleborg tires will increase prices globally by up to 5% across all segments.

When a prospective site can be made suitable for building by extending utilities (such as water, electricity or gas lines) or infrastructure (such as paving or rail services), funding may be available to offset these costs.

Jobsite Due Diligence Can Prevent Costly Delays

Good building sites remain on the market. But many of those sites must be made good with early planning and intervention.

Progress included the removal of a 156-ton piece of Span 19 outside of the navigational channel, which was hoisted and loaded onto a barge and taken to Sparrows Point, Md., for future disposal.

Baltimore Crews Remove 156-ton Piece of Key Bridge

Progress included the removal of a 156-ton piece of Span 19 outside of the navigational channel, which was hoisted and loaded onto a barge for future disposal. Container removal from Dali has begun.