Vulnerable to Rollback in New Administration
AGC continues to track and comment on several environmental regulatory actions relevant to construction that the Trump Administration advances in the final days of the term, including those impacting species and Clean Water Act (CWA) permitting. Several of these actions are vulnerable to change during a Biden Administration, either through legal challenges, administrative actions and delays, or revision through the regulatory process.
Previously Delayed Due to Covid-19 Public Health Emergency
After delaying the opening of the 2019 EEO-1 Component 1 Data Collections on May 8, 2020 in light of the COVID-19 public health emergency, the U.S. Equal Employment Opportunity Commission (EEOC) has announced that the collections will now open in April 2021.
Few Construction Firms Expect the Industry to Recover to Pre-Pandemic Levels Anytime Soon, While Demand for Most Types of Projects is Likely to Fall amid Growing Project Delays and Cancellations
The U.S. Department of Labor announced a final rule clarifying the standard for employee versus independent contractor status under the Fair Labor Standards Act (FLSA). The rule takes effect 60 days after publication in the Federal Register, on March 8, 2021, however, AGC expects the incoming Biden administration to reexamine the rule prior to it becoming effective.
The final rule includes the following clarifications:
Public and private building markets, many of which are reeling from pandemic impacts, will find some respite through AGC’s success in landing significant development tax policies in the year-end COVID-relief and government funding bill enacted on December 27, 2020.
Tax Credits for Voluntarily Providing Leave Temporarily Extended
The U.S. Department of Labor’s Wage and Hour Division (WHD) announced additional guidance to provide information about protections and relief offered by the Families First Coronavirus Response Act (FFCRA). The FFCRA’s paid sick leave and expanded family and medical leave requirements expired on December 31, 2020.
Blocks up to 37% Tax Increase by Allowing Deductibility
Few Construction Firms Will Add Workers In 2021 As Industry Struggles With Declining Demand, Growing Number Of Project Delays And Cancellations
Tax Credits for Voluntarily Providing Leave Temporarily Extended
The U.S. Department of Labor’s Wage and Hour Division (WHD) posted announced additional guidance to provide information about protections and relief offered by the Families First Coronavirus Response Act (FFCRA). The FFCRA’s paid sick leave and expanded family and medical leave requirements expired on Dec. 31, 2020.
The U.S. Department of Labor announced a final rule clarifying the standard for employee versus independent contractor status under the Fair Labor Standards Act (FLSA). The rule takes effect 60 days after publication in the Federal Register, on March 8, 2021, however, AGC expects the incoming Biden administration to reexamine the rule prior to it becoming effective.
