NRCA submits tax recommendations to House Ways and Means Committee Tax Teams
Earlier this year, Ways and Means Committee Chairman Jason Smith (R-Mo.) and Tax Subcommittee Chairman Mike Kelly (R-Pa.) announced the formation of 10 Committee Tax Teams to study key tax provisions from the 2017 Tax Cuts and Jobs Act that are set to expire in 2025 and identify legislative solutions that will continue to help families, workers and small businesses.
NRCA recently submitted the following comments to ensure the roofing industry has a seat at the table as we start 2025.
- NRCA on Main Street here and here
- NRCA on American Manufacturing
- NRCA on Rural America and the Estate Tax
IRS announces progress regarding Employee Retention Credit claims
On Oct. 10, the IRS continued progress regarding Employee Retention Credit claims, with processing underway on about 400,000 claims. The 400,000 claims being processed include eligible and ineligible claims, with the majority in this group being processed for approval. The total value of eligible claims represents about $10 billion. IRS states checks are being mailed for eligible claims with refunds, with more planned in the weeks and months ahead.
NLRB memo regarding noncompete agreements
On Oct. 7, National Labor Relations Board General Counsel Jennifer Abruzzo issued a memo to all field offices stating her position that overbroad noncompete agreements are unlawful because they chill the ability of employees to exercise their rights under the National Labor Relations Act. In the memo, which expands on a previous memo from May 2023, Abruzzo lays out her intent to prosecute employers who require employees to sign noncompete and so-called “stay-or-pay” agreements and remedy the harmful monetary effects employees may experience as a result of such agreements. View more information regarding the memo. This NLRB memo comes in the wake of a federal court in August invalidating a rule issued in April by the Federal Trade Commission to completely ban most noncompete agreements, which NRCA had opposed. Most recently, the commission has appealed the lower court’s ruling invalidating its rule to the U.S. Court of Appeals for the 5th Circuit, which is expected to hear the case sometime next year.
Support ROOFPAC during NRCA’s Fall Committee Meetings in Austin, Texas
Join your NRCA friends at the elegant Roosevelt Room, Austin’s award-winning cocktail bar, for a fun and unique cocktail reception in support of ROOFPAC Wednesday, Nov. 13, from 5:30-7 p.m. ($175 person/$225 per couple). Members of NRCA’s Political Insiders Council and Capitol Hill Club are invited to attend complimentary as a benefit of their membership. We thank Holcim Building Envelope—whose portfolio includes Elevate Commercial Roofing Systems, Duro-Last, Malarkey, GenFlex, Gaco and Enverge—for sponsoring this event. To RSVP or for more information, please visit nrca.net/roofpac-fall-event. Questions? Contact NRCA Director of Political Affairs Teri Dorn at tdorn@ncra.net or (202) 510-0920.
Election Day is Nov. 5, but voting has begun in many states
Although Election Day is a few weeks away, voters in most states have already begun early voting. NRCA encourages everyone to exercise their civic duty and vote—whether on Election Day, in-person during early voting or by mail. Please take a moment to learn more about your state’s deadlines and do your research to vote for candidates who will best serve our industry and our country.
