NRCA statement on tax relief for American Families and Workers Act

January 23, 2024 at 4:00 p.m.

Tax Relief for American Families Act marks a milestone for roofing contractors.

On January 18, McKay Daniels, CEO of the National Roofing Contractors Association (NRCA), issued the following statement regarding the bipartisan Tax Relief for American Families and Workers Act being considered by Congress:

“NRCA commends Chairman Jason Smith (R-Mo.) and Chairman Ron Wyden (D-Ore.) for crafting bipartisan, bicameral tax legislation that restores and expands tax relief vital to American businesses and families. The roofing industry greatly benefits from the restoration of research and development expensing, interest deductibility, 100% bonus depreciation for qualified property and increased small business expensing.”

The roofing industry is an essential $100 billion sector with nearly 1 million employees that is vital to addressing affordable housing and repairing and maintaining schools, hospitals and other critical infrastructure nationwide. Pro-growth tax policies allow employers to invest back into their employees, businesses and communities. This investment manifests itself in a variety of ways, including higher wages for employees, expanded employee benefits, new business equipment and work vehicles, and charitable contributions within the community.

About the National Roofing Contractors Association (NRCA)

Since 1886, the National Roofing Contractors Association has been the home for generations of entrepreneurial craftsmen and enterprises who shelter and protect America’s families and businesses and each other. Our vision is the recognition of our members as professionals and to unite the industry to that purpose. NRCA is one of the construction industry’s most respected trade associations and the voice of roofing professionals and leading authority in the roofing industry for information, education, technology and advocacy. It represents all segments of the roofing industry, including contractors; manufacturers; distributors; architects; consultants; engineers; building owners; and city, state and government agencies. For information about NRCA and its services and offerings, visit nrca.net.