HVAC Breaking News

Dec. 1, 2005: MCAA Pushes For Clarification On Production Tax Deduction

December 1, 2005
/ Print / Reprints /
ShareMore
/ Text Size+
ROCKVILLE, Md. - The Mechanical Contractors Association of America (MCAA) reports that it is continuing to press for regulatory clarification of the new production tax deduction included in the 2004 American Jobs Creation Act. The law allows a tax deduction for qualifying production activity in construction of 3 percent in 2005 and 2006, 6 percent in 2007 through 2009, and 9 percent for years after 2009.

MCAA said it is working with accounting specialists to clarify what aspects of mechanical construction activity qualify for the deduction, and what activities and income are excluded. Examples of clarifications sought include: what aspects of service and maintenance contracts qualify; how are equipment purchases in new construction and service contracts treated; how is design-build income claimed; and more.

Publication date: 11/28/2005

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

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

Multimedia

Videos

Image Galleries

2014 MCAA Annual Convention

Scenes from the 2014 MCAA Annual Convention in Scottsdale, Ariz.

Podcasts

NEWSmakers: Julian Scadden

Training is an ongoing process. Julian will discuss how you can generate maximum return on time and energy invested training by following a three part process. Listen to this podcast to get expert tips on training, tracking and follow up. 

More Podcasts

THE MAGAZINE

ACHRNEWS

NEWS 04-14-14 cover

2014 April 14

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

SERVICE CALLS POLL

Which statement on service calls best applies to your business?
View Results Poll Archive

HVACR INDUSTRY STORE

plumbing-hvac.gif
2014 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.

DON'T MISS A THING

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

STAY CONNECTED

facebook icontwitter iconyoutube iconLinkedIn i con