- Home
- Stay Informed
- Latest News
LATEST NEWS
Show posts by subject:
Tax & Fiscal Affairs

New EV User Fee Legislation
Sen. Deb Fischer (R-NE) introduces AGC-backed legislation that would apply a federal user fee to electric vehicles (EVs)—in the form of a one-time tax on batteries used in EVs at the manufacturer—and apply the revenue to the highway trust fund.
Read more
Disclose Your Personal Information?
AGC-backed bill would prevent civil and criminal penalties on small construction firms that fail to disclose personally identifiable information to the federal government.
Read more
AGC-Backed Mainstreet Fairness Act Introduced
The bill would make permanent the 20 percent deduction on business income for pass-through entities, the vast majority of which are small businesses.
Read more
Pro-Construction Tax Bills Advance
AGC tax priorities—expensing, bonus depreciation, and more—that would simplify tax compliance and improve cash flow advance in the House and hopefully set up negotiations with Senate before year-end.
Read more
Small Captives IRS Proposal
On June 12, AGC presented its concerns to the Internal Revenue Service (IRS) about the agency’s proposed rule to investigate and audit captive insurance companies that elect to be taxed as a so-called “small captive” or “831(b) captive.”
Read more
House Clears Debt Limit Bill
The House of Representatives passes legislation that would pair an increase in the nation’s debt ceiling with a combination of spending cuts, caps on future spending growth, and construction-significant reforms to the permitting process.
Read more
AGC Backs Death Tax Repeal
Senator John Thune (R-S.D.) introduced the AGC-supported Death Tax Repeal Act of 2023, which would permanently repeal the federal estate tax.
Read more
CHIPS Act Construction-Related Tax Credit
The IRS proposed rule clarifies what kinds of investment—including construction—qualify for the significant tax credit, among other things.
Read more
AGC to Biden: No New Taxes on Construction Firms
President Biden’s budget proposes a number of new tax increases that would impact construction firms, including raising the corporate tax rate to 28%, increasing the 3.8% net investment income tax to 5% for income over $400,000, and taxing capital gains at the ordinary income rates for incomes above $1 million (for a top capital gains rate of 44.6%), among other things.
Read more
House Passes IRS Enforcement Cuts
The AGC-backed legislation would help reduce the threat to construction firms of time consuming and expensive random or full field audits, regardless of whether the IRS determines any additional taxes are owed.
Read more