NRCA Statement on Passage of Tax Cuts and Jobs Act
Jim Barr of Barr Roofing Co., Abilene, Texas, Chairman of the Board for the National Roofing Contractors Association
(NRCA), issued the following statement regarding Congress' approval of the Tax Cuts and Jobs Act (H.R. 1) Dec.
NRCA has long supported pro-growth tax reform legislation that will enable roofing industry entrepreneurs to start and
grow businesses and create more high-paying, family-sustaining jobs. By providing robust incentives for investment
through lower tax rates and other efficiencies in the tax code, this legislation will enable employers to reinvest more
of their earnings back into their businesses. Ultimately, we believe the bill will boost economic growth within the
roofing industry and throughout the broader economy.
NRCA supports H.R. 1 and applauds congressional leaders for their work on this consequential legislation. We are
pleased to see the bill is consistent with NRCA's principles for tax reform that we have advocated for during the past
several years. It provides lower tax rates for corporations and businesses structured as pass-through entities; doubles
the exemption for the death tax, providing relief for many family-owned businesses; allows businesses that use trusts
to benefit from tax reform; and improves accounting methods for small businesses. Also, we are especially pleased this
legislation expands small-business expensing limits and includes commercial roofs as qualifying property under Section
179—a significant victory for our industry.
NRCA has been active in working with members of Congress during recent months to ensure the final version of tax reform
is beneficial for our members. We look forward to continuing to work with Congress and the Trump administration to see
that this legislation is properly implemented in the months and years ahead. We will continue working to ensure federal
tax policy strengthens the roofing industry and U.S. economy.
Established in 1886, NRCA is one of the nation's oldest trade associations and the voice of professional roofing
contractors worldwide. NRCA's 3,600 member companies represent all segments of the roofing industry, including
contractors, manufacturers, distributors, consultants and other industry employers in all 50 states. NRCA members are
typically small, privately held companies, but our membership includes businesses of all sizes. During peak season, the
average member employs 45 people.