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NRCA issues a statement about the Consolidated Appropriations and Tax Measures

Dec. 18, 2015

The National Roofing Contractors Association (NRCA) commends the House and Senate for approving the Senate amendment to H.R. 2029, the Consolidated Appropriations and Tax Measures, today.

NRCA believes many of the tax relief provisions included in this legislation will benefit its members as they seek to grow their businesses and create jobs. We are particularly pleased several tax provisions of importance are extended on a permanent basis, which will provide greater certainty in tax policy and help NRCA members with business planning. During the past decade, many of these tax provisions were authorized periodically on a temporary basis for only one to two years at a time, causing much uncertainty for employers. In addition, NRCA believes the passage of the tax provisions in this legislation will serve as a bridge to true tax reform in 2017.

In particular, NRCA supports the following provisions in this legislation:
  • A five-year extension of the renewable energy investment tax credit (ITC) with a gradual phase-down plus language that allows the credit to become effective when a project commences construction. This will provide much-needed certainty to the rooftop solar industry, which is increasingly important to the roofing industry and will sustain and create an estimated 140,000 jobs in the coming years.

  • Permanent extension of the Section 179 small-business expensing provisions, which are widely used by NRCA members, at the $500,000 level and now indexed for inflation.

  • Permanent extension of several beneficial reforms for pass-through businesses that were included in the S-Corp Modernization Act, which NRCA has supported for many years.

  • A five-year extension of bonus depreciation, another important tool that supports business investment that boosts economic growth and creates jobs.

  • A two-year extension (2015-16) of the following tax credits:

    • Residential energy-efficiency tax credit under Section 25C, including new language to ensure all roofing products that are Energy Star®-rated qualify for the credit (which has been a long-time goal of NRCA).

    • Commercial building energy-efficiency tax deduction under Section 179D, including language to increase ASHRAE Inc. standards.

  • A one-year suspension (2017) of the Health Insurance Tax under the Affordable Care Act, a step towards NRCA's ultimate goal of repeal of this onerous tax on small businesses and working families.

  • Amendments to improve the operation of the H-2B temporary worker program that many roofing contractors use to fill seasonal positions, including provisions to provide relief from burdensome regulations issued by the administration earlier this year. An effective H-2B program is important to the roofing industry.

  • An increase of $339 million from the previous year's funding for job training and other workforce development programs.
Again, NRCA commends Congress for approving this legislation to prevent a government shut-down and fund government operations through Sept. 30, 2016. NRCA also is pleased to see several onerous taxes authorized in the Affordable Care Act have been delayed in this legislation.

NRCA will continue working with lawmakers in the House and Senate to support pro-growth tax legislation that supports greater levels of economic growth in the construction industry.

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