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FOR IMMEDIATE RELEASE	CONTACT: CRAIG S. BRIGHTUP
FEBRUARY 2008	(202) 546-7584
	cbrightup@nrca.net
NEW LAW WILL SPUR INVESTMENT IN THE ROOFING INDUSTRY Rosemont, Ill.—The National Roofing Contractors Association (NRCA) commends President Bush for signing into law H.R. 5140, the Recovery Rebates and Economic Stimulus for the American People Act of 2008. Apart from allowing taxpayers to keep more of their money, NRCA is particularly pleased to see the inclusion of temporary tax incentives for businesses. Specifically, the law does the following: Section 102 increases the expensing allowance for small businesses in 2008. The expensing allowance for depreciable business assets increases to $250,000 (up from $128,000); and the maximum investment phase-out threshold for such expensing allowance rises to $800,000. Section 103 will save business about $51 billion in near-term taxes through a temporary change to the tax code that will allow U.S. businesses that buy new equipment this year to deduct 50 percent of the cost of certain depreciable property in 2008. This will encourage businesses to expand investment and create new jobs now because buying equipment, software and tangible property this year will dramatically lower their taxes. Bill Good, NRCA's executive vice president, says: "The bill will spur investment in the roofing industry by providing contractors, suppliers and manufacturers critical incentives during the slowdown in construction to purchase new equipment and provide for the long-term health of their businesses." He adds: "During the early part of the decade, similar provisions included in the landmark 2001 and 2003 tax relief packages were instrumental in getting the nation's economy back on track." Established in 1886, NRCA is one of the construction industry's oldest trade associations and the voice of professional roofing contractors worldwide. The association has more than 4,000 members from all 50 states and 54 countries and is affiliated with 105 local, state, regional and international roofing contractor associations. For more information, contact Craig Brightup, NRCA's vice president of government relations, at (202) 546-7584 or cbrightup@nrca.net. ###