Monthly Archives: July 2020

AGC and Unions Join Together to Reiterate Support for Composite Plans

July 30, 2020

On July 28, AGC joined fellow construction employer groups and building trades unions in support of new retirement plans, Composite Plans, which enjoy bipartisan backing in Congress. These groups recognize the importance to preserve lifetime retirement benefits for millions of working men and women and will continue to advocate for pension reform in COVID-19 relief packages.

House Approves Bipartisan WRDA Bill

July 30, 2020

Authorizes Dozens of Army Corps Projects

HEALS Act Fails to Correct IRS Ruling on the Deductibility of PPP Loan Forgiveness Income

July 30, 2020

One provision that was unfortunately not included in the Senate Republican Health, Economic Assistance, Liability Protection and Schools (HEALS) Act, was the overturning of an Internal Revenue Service (IRS) ruling related to the deductibility of expenses associated with income from Paycheck Protection Program (PPP) loan forgiveness. Despite clear congressional intent to ensure that PPP loan forgiveness be untaxed, earlier this year the IRS ruled that any expenses associated with PPP loan forgiveness were not deductible.

HEALS Act Proposes Second Round of Paycheck Protection Program Loans

July 30, 2020

The Health, Economic Assistance, Liability Protection and Schools (HEALS) Act, introduced on July 27 by Senate Republicans, would allow certain small businesses to apply for a second Paycheck Protection Program (PPP) loan.

HEALS Act Includes AGC-Supported Changes to Employee Retention Tax Credit

July 30, 2020

The Health, Economic Assistance, Liability Protection and Schools (HEALS) Act, introduced on July 27 by Senate Republicans, contains AGC-supported changes to the Employee Retention Tax Credit (ERTC), similar to what was included in the HEROES Act which was passed out of the Democratically-controlled House of Representatives earlier this year.

62 Percent Of Metros Shed Construction Jobs From June 2019 To June 2020 As Association Calls For New Infrastructure Funding, Other Relief

July 29, 2020

New York City and Brockton-Bridgewater-Easton, Mass. Have Worst 12-Month Losses, While Austin and Walla Walla, Wash. Top Job Gainers; 81 Percent of Metros Add Construction Jobs from May to June

Senate Republicans’ Coronavirus Relief Measure Includes Provisions That Will Help Hard-hit Construction Firms Recover

July 28, 2020

The HEALS Act Includes Essential Liability, Workforce, Financial & Unemployment Reforms, But Association Will Work to Get Needed Infrastructure Investments Included in Final Relief Measure

The chief executive officer of the Associated General Contractors of America, Stephen E. Sandherr, issued the following statement in reaction to the release today of Senate Republican’s latest coronavirus relief measure, the Heals Act:

General Building Contractors Association GBCA CLC Moves Virtual to Fund Childhood Cancer Research

July 27, 2020

The COVID-19 response in the Philadelphia region has left young construction professionals working under strict safety protocols, working from home, or even temporarily out of work. In response, GBCA’s CLC moved all its activities, including community service, online.

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