Construction Legislative Week in Review
www.agc.org August 11, 2016
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On the Inside
TRANSPORTATION
AGC, Transportation Construction Coalition Continue August Highway Trust Fund Grassroots Push
AGC Files Comments on Volkswagen Settlement Impacting the DERA Program
TAX/ACCOUNTING
AGC Prepares Comments on IRS Proposed Regulation on Valuations for Estate Taxes
AGC EVENTS
Attend AGC Contractors Environmental Conference
Highway and Transportation Construction Conference November 3-5
Register for the 20th Annual AGC/CFMA Construction Financial Management Conference
Alliant Build America and AGC in the Community Competitions Now Open
TRANSPORTATION
AGC, Transportation Construction Coalition Continue August Highway Trust Fund Grassroots Push
Meet with Your Federal Representative While They are in Your District
 

Last week, the AGC co-chaired Transportation Construction Coalition (TCC) kicked-off a grassroots effort to remind members of Congress that although they passed a five-year transportation bill last year, their job is not done and the Highway Trust Fund is still in need of a long-term revenue source.  Use the August recess to meet with your federal Representative and advocate for a permanent Highway Trust Fund fix to be included in any comprehensive tax reform package.

The House Ways & Means Committee released their blueprint for tax reform several weeks ago, which failed to mention the funding problems with the Highway Trust Fund. The Ways and Means Committee needs to hear our industry’s concern about the failure to include a Highway Trust Fund fix in that blueprint.  Visit Hardhats for Highways for talking points to help you in your meeting with your federal Representative, along with information on providing comments directly to the Ways & Means Committee about the importance of fixing the Highway Trust Fund.  If you are unable to meet in person with your member of Congress, you can send a letter to your representative through our Hardhats for Highways website.

For more information, please contact Sean O’Neill at oneills@agc.org or (202) 547-8892. Return to Top

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AGC Files Comments on Volkswagen Settlement Impacting the DERA Program
 

Last week, AGC, as part of the Diesel Emissions Reduction Act (DERA) Coalition, submitted comments to the Department of Justice (DOJ) and the Environmental Protection Agency (EPA) sharing our concerns about the Mitigation Trust Fund (MTF) that was a part of the $2.7 billion settlement between DOJ and Volkswagen for Volkswagen violating the Clean Air Act by cheating on vehicle emissions tests. The settlement money in the Mitigation Trust Fund will be used to reduce diesel emissions.  The Coalition’s comments seek to ensure the trust fund is not viewed as a replacement of the DERA program, which AGC members have relied upon to offset the cost of retrofitting diesel equipment.  Further, the coalition feels that states should be able to use the DERA program to distribute the MTF fund.

AGC and our coalition will continue to advocate for the most efficient use of the $2.7 billion, while preserving and strengthening the very successful DERA program.    

For more information, please contact Sean O’Neill at oneills@agc.org or (202) 547-8892. Return to Top

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TAX/ACCOUNTING
AGC Prepares Comments on IRS Proposed Regulation on Valuations for Estate Taxes
If Finalized, Rule Could Greatly Impact Family-Owned Construction Companies
 

On August 2, the IRS issued a proposed rule that would remove legitimate valuation discounts that family businesses use to reduce their estate tax burden when transferring family assets. If finalized, these new rules are likely to substantially increase estate taxes payable by the estates of owners of family-controlled businesses. AGC is preparing to submit comments before the November 2 deadline that highlight how these broad regulations will force family-owned construction companies to grapple with complicated and costly estate and gift taxes. A public hearing on the proposed regulations has been scheduled for December 1.

For more information, please contact Brian Lenihan at lenihanb@agc.org or (202) 547-4733. Return to Top

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AGC EVENTS
Attend AGC Contractors Environmental Conference
October 5-6 | Washington, DC
 

With penalties for environmental violations just increased to $51,570per day for Clean Water Act permit programs and even higher for certain federal waste/air programs, you can't afford to miss this year's AGC Contractors Environmental Conference. On Oct. 5-6 in the nation's capital, AGC's 2016 CEC is your chance to hear directly from the regulators and ask your questions. The conference will bring together government officials to discuss compliance issues that will impact construction work in every state.

For more information, please contact Melinda Tomanio at tomainom@agc.org or (703) 837-5415. Return to Top

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Highway and Transportation Construction Conference November 3-5
 

Registration for the 2016 Highway and Transportation Construction Conference (formerly the Highway Contractors Conference) is now open. The conference is scheduled for Nov. 3-5 in Phoenix, Arizona at the JW Marriott Desert Ridge Resort. This year’s meeting will feature a host of excellent speakers who will address timely topics that will impact your business this year and in the future. Some of the featured presentations include:

  • Level Headed: How Lessons Learned in Rescuing Sundt Construction Inc. from Bankruptcy Can Help Your Company’s Success
  • Transportation Future:  Where is Transportation Heading, How will the Infrastructure be Funded
  • Washington Update: How will the 2016 Elections Impact the Highway and Transportation Construction Industry?
  • Successful State Funding Initiatives and Strategies
  • Cyber Security: Is your company safe from hackers, ransom ware and other cyber threats?
  • Digital Technologies in Construction: Impacts and Trends
  • Developments in AASHTO Site Manager/Bid Express Software
  • EConstruction Update: Progress on Paperless Projects- Sharing Electronic Data

For more information, please contact Brian Deery at deeryb@agc.org or (703) 837-5319. Return to Top

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Register for the 20th Annual AGC/CFMA Construction Financial Management Conference
Register Now and Save: Early Bird Registration Ends Aug. 19
 

Jointly sponsored by AGC and CFMA, the 20th Annual AGC/CFMA Construction Financial Management Conference will be held Oct. 19-21 at Caesars Palace in Las Vegas, Nevada. This three-day conference offers programs and workshops designed specifically for financial professionals in the construction industry. The 32 interactive sessions will cover the latest industry issues and their financial implications. Participants may earn up to 20 continuing professional education (CPE) credits. Register at meetings.agc.org/agc_cfma.

For more information, please contact Brynn Huneke at (703) 837-5376 or brynn.huneke@agc.org Return to Top

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Alliant Build America and AGC in the Community Competitions Now Open
Apply by Wednesday, October 26, 2016!
 

AGC of America is proud to announce the launch of our 2017 project award competitions! The Alliant Build America Awards (including the Marvin M. Black Partnering Excellence category) and AGC in the Community competitions are now accepting applications. These programs recognize the nation’s most impressive construction projects ranging across the building, highway and transportation, utility infrastructure, and federal and heavy divisions; those contractors excelling in their partnering and collaborative endeavors; and the charitable contractors and chapters giving back to their communities. AGC member companies and chapters in good standing who meet the competition requirements are encouraged to apply online for some much-deserved recognition. Apply by Wednesday, October 26, 2016 for full consideration. Learn more about AGC of America’s awards programs at www.agc.org/awards.

For more information, please contact Nahee Rosso at rosson@agc.org or (703) 837-5348. Return to Top

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