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Donald
Joined: 16 Apr 2004
Posts: 493
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 Posted: Thu Dec 02, 2004 3:18 pm Post subject: Major Tax Cut for A/E Firms |
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This just in from the AIA:
AIA, ACEC, and other industry allies scored an “impressive victory” in a year-long campaign to secure passage of a major tax cut. The American Jobs Creation Act (H.R. 4520), which was recently signed by President Bush, provides a new 9% tax deduction for A/E firms for income derived from projects in the US.
This is indeed an impressive victory. The Jobs Act repeals a former tax benefit for US exporters- The Foreign Service Corporation/Extraterritorial Income Tax Inclusion (FSC/ETI) – and replaces it with new tax deductions for domestic enterprises that will be phased in over 6 years.
A year ago, the tax benefit was intended exclusively for manufacturing firms. ACEC and AIA, however, mounted an aggressive lobbying campaign to include A/E firms. Each and every member’s support is vital to the AIA Georgia PAC fund and to AIA National’s Archipac.
This sort of definitive result depends upon your involvement.  |
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Architorture
millennium club
Joined: 31 Jul 2004
Posts: 1376
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| Posted: Thu Dec 02, 2004 4:20 pm Post subject: |
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| didn't i post this like a month or so ago |
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Donald
Joined: 16 Apr 2004
Posts: 493
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| Posted: Thu Dec 02, 2004 4:34 pm Post subject: |
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| Yes, and its a done deal now. |
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