SMACNA, Others, Urge Congress to Take Action on Tax Extenders Provision (179D)
In a recent letter to both the House and Senate, SMACNA, as a member of a coalition of organizations that include myriad business, energy, transportation, real estate and agriculture sectors, expressed its concern regarding the pressing need to address the expired tax provisions (“tax extenders”). The letter requested that, at a minimum, Congress retroactively extend these provisions through the end of 2019 before the 115th Congress adjourns sine die.
The tax extenders have remained lapsed since the end of 2017. SMACNA, as a member of the coalition, feels that this has created confusion for the numerous industry sectors that utilize these tax incentives and support thousands of jobs in the U.S. economy. The continued uncertainty with regard to eventual congressional action on tax extenders is undermining the effectiveness of these incentives and stands as a needless barrier to additional job creation and economic growth in the private sector. The coalition also believes that providing taxpayers with a predictable planning outlook as it pertains to tax rules is conducive to increased private sector investment and economic activity.
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