tax/accounting

AGC Continues to Push for Fix for “Retail Glitch”

On Oct. 9, AGC joined industry allies in urging Secretary of the Treasury Steven Mnuchin to have the Internal Revenue Service (IRS) issue interim guidance to correct a drafting error from the Tax Cuts and Jobs Act (TCJA) that accidentally changed the depreciation period for certain commercial real estate improvements to 39 years, instead of 15 years—or

AGC Submits Comments to Senate Finance Committee on Tax Reform

This week, AGC submitted comments in response to a letter sent by Senator Orrin Hatch, Chairman of the Senate Committee on Finance, soliciting input from stakeholders on tax reform.  The deadline for submissions was Monday, July 17. AGC’s comments called for tax reform that lowers the rates for all businesses, corporate and pass-through alike. The comments also called for repealing