PHCC Favors Increased Expensing

FALLS CHURCH, Va. — A recent legislative survey by the Plumbing-Heating-Cooling Contractors — National Association (PHCC) indicates that the organization’s members support an increase in the expensing allowance. The issue ranked as the second highest tax priority by PHCC members. The first is the repeal of the estate tax.

The House and Senate have passed two separate budget resolutions. The House resolution calls for $550 billion in tax cuts, while the Senate resolution establishes a blueprint for $350 billion in tax incentives.

One of the tax incentives, which PHCC says is generating favorable attention, would increase the amount small businesses can expense, also known as Section 179 (from the IRS code) expensing. Small businesses currently can expense up to $25,000, but the new proposal would increase that amount to $75,000.

Publication date: 04/28/2003

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.



Image Galleries

2015 AHR Expo

Photos from the 2015 AHR Expo at McCormick Place in Chicago.

Posted: February 19, 2015


NEWSMakers: Andy Patron
Andy Patron, partner with FMI Corp., discusses the impact a national labor shortage may have on the mechanical contracting industry. Posted on March 27.
More Podcasts


NEWS 03-23-15 cover

2015 March 23

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

HVAC Trends

The NEWS regularly reports on HVAC industry trends in our weekly issues. What trends do you see?
View Results Poll Archive


2015 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research


Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


Magazine image
Register today for complete access to Get full access to the latest features, Extra Edition, and more.


facebook icontwitter iconyoutube iconLinkedIn i con