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NRCA Tax Reform Priorities

As Congress dives into reforming the Internal Revenue Code, the National Roofing Contractors Association (NRCA) supports pro-growth reforms designed to enable roofing industry entrepreneurs to expand their businesses and create jobs. NRCA urges Congress to adopt the following principles when addressing tax reform:
  • Tax Reform Must Be Comprehensive. Seventy-five percent of NRCA members are pass-through entities (S corps, LLCs, partnerships and sole proprietorships) that pay taxes at the individual rate, and these businesses must be included in tax reform.

  • Low Tax Rates. NRCA supports lower tax rates that will boost economic growth and create jobs by incentivizing greater investment in businesses.

  • Tax Parity for all Businesses. NRCA supports Rep. Vern Buchanan's Main Street Fairness Act, which ensures tax rate parity for all types of businesses.

  • Full and Immediate Expensing of Business Investments. Today's outdated cost recovery system does not accurately reflect the lifecycle of commercial roofs and thus is a drag on economic growth in our industry. Full expensing of investments, as contained in the House Blueprint proposal, will greatly accelerate demand for commercial roofs, thus driving economic growth and job creation.

  • Repeal the Death Tax. Many roofing companies are family businesses that pay thousands of dollars to reduce the death tax burden during the course of their lives. Construction company assets also are illiquid, making it difficult for families to sell assets to pay the tax.

  • Repeal the Alternative Minimum Tax. The AMT forces companies to calculate their taxes twice. This is burdensome and expensive, as most businesses pay a tax preparer to file their taxes.

  • Simplicity. Businesses need a permanent, fair, simple and easy-to-understand tax code to allow them to spend more of their time and resources working to grow their businesses rather than filing their taxes.
If you have questions or need more information, please contact Andrew Felz, NRCA's manager of federal affairs, at afelz@nrca.net or (202) 546-7584.

Click here to view this information in PDF format.

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