Qualifying for and Pursuing The R&D Tax Credit

When the topic of research and development (R&D) tax credits is discussed, chemists with lab beakers typically come to mind. In reality, it’s more accurate to envision construction superintendents and engineers in hardhats on a jobsite. More construction companies are taking advantage of the credit than ever before and are realizing substantial savings in the process. 

Recent changes in applicable law have allowed construction companies, engineering firms and architectural firms to reap the benefits of R&D incentives that come in the form of a federal tax credit to offset tax liabilities dollar for dollar. In addition to the federal credit, most states have R&D tax credits of their own. The combination of these incentives can provide major savings for qualifying companies.

Meet the Competitors

Associated Builders and Contractors’ (ABC) 30th annual National Craft Championships (NCC), held March 1-2 in Fort Lauderdale, Fla., raises the profile of careers in construction and highlights the $1.1 billion that ABC member companies spend annually on workforce development. Each year, the competition draws some of the nation’s most talented craft professionals and highlights the important role that skilled craft training plays in the construction industry.

Reduce Lien Exposure With Anti-Assignment Clauses

Property owners, general contractors, subcontractors and materials providers must understand their rights and obligations with respect to construction liens in order to avoid delays in finalizing a project (from the perspective of the property owner) or to avoid forfeiting lien rights (from the perspective of the subcontractor).

Fischer Proposes New Federal Highway Plan

  Sen. Deb Fischer's (R-Neb.) new highway funding plan would dedicate more than $107 billion over a five-year period from Customs and Border Patrol fees and revenue collected on freight cargo and passengers to the Highway Trust Fund—helping to secure its solvency while providing greater flexibility for states to speed up their construction programs.

Global Entertainment Venues Embrace LEED

  The U.S. Green Building Council released its “LEED in Motion: Venues” report, which highlights the green strategies and savings of more than 30 LEED-certified convention centers, sports venues, performing arts centers, community centers and public assembly spaces.

'Volks' Rule Overturned

President Trump signed a resolution into law eliminating the Obama administration’s “Volks” rule. Congress passed the resolution through the Congressional Review Act, preventing future administrations from promulgating a similar rule.

New CO2-Eating Concrete Takes Less Energy to Produce

  An engineering and materials science professor at Rutgers University has created an eco-friendly, lightweight concrete using reactive hydrothermal liquid-phase densification (rHLPD), a process that models the generative design behavior of shellfish, to create organic ceramics while submerged in water. 

NY-NJ Port Authority Approves $32B Infrastructure Spending Plan

  The Port Authority of New York and New Jersey approved a $32.2 billion capital plan that will fund infrastructure projects in both states for the next 10 years. Authority officials predict the approved program will result in a $56 billion economic boon for the area and create $20 billion in wages. 

Congress, States Consider Legislation to Prevent PLA Mandates

On March 14, Sen. Jeff Flake (R-Ariz.) introduced the Fair and Open Competition Act (S. 622) to prevent federal agencies and recipients of federal funding from requiring contractors to sign controversial project labor agreements (PLAs) as a condition of winning federal or federally assisted construction contracts. Rep. Dennis Ross (R-Fla.) introduced a companion bill (H.R. 1552) in the U.S. House of Representatives that was reported favorably out of committee March 28.

Find the Hidden Equity in Heavy Equipment

To have long-term success in the construction business, a company needs to ride the ups and the downs and navigate the surprises that present themselves on an all-too-regular basis. The business cycle can be “feast or famine,” and neither is good. So how does one stay financially prepared for every bump in the road? 

 

How do you tap into employees’ most valuable talents and talk to them about career advancement?
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Bringing Health Care to Retail Centers
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Crowdsourcing a Charitable Beneficiary
In March, Faith Technologies, Menasha, Wis., gave $5,000 to the Boys & Girls...

Capital Infusion: How to Optimize Forthcoming Construction Lending
Many areas of the United States are seeing a resurgence in construction starts...

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