Save the Date!
2018 CFMA VoS Golf Tourney Thursday, November 1, 2018
151 W. Moon Valley Drive
Format: Team Scramble
Shotgun start: 7:30 am
Watch for Sponsorship opportunities to be Released Soon.
Last week was a challenging week for Suicide Prevention - the combination of two high profile suicide deaths and the CDC's report showing a 25% increase in suicides since 1999 paint a bleak picture. However, there is hope - especially in our industry, which has embraced the issue of suicide prevention like no other industry has before. Construction is determined to move out of the #1 spot for suicide deaths and you can help!
Visit www.preventconstructionsuicide.com to find out what you can do in your company.
Be sure the National Suicide Prevention Lifeline (800-273-7255) and Crisis Text Line (741741) are publicized to employees.
If you ever have questions about how to address mental health and suicide in your workplace, please reach out to Michelle Walker or Dave James.
During the afternoon of May 17th Governor Doug Ducey signed into law SB1409, changing our TPT world once again! This change to the current MRRA tax methodology was the result of many meetings, numerous phone calls and a fair amount of adult beverages. While it does not “wave a magic wand” over TPT, it does provide some simplification to the current confusion.
Here's a link to SB1409 in its final form. NOTE: Effective date is January 1, 2019 (see grandfathering provision covered below).
- Prime contracting will not apply to contractors who are NOT required to be licensed by the Registrar of Contractors (page 1 of pdf)
- MRRA is still ‘in play’ with the ONLY change being in the commercial Alteration thresholds as follows:
- The $750,000 threshold remains; ALL OTHER THRESHOLDS ARE ELIMINATED (page 13 of pdf)
- Grandfathering was considered, and is defined as follows (page 22 of pdf):
This act is effective from and after December 31, 2018. For bids submitted or contracts entered into, or any other binding obligation executed prior to December 31, 2018, the contractor shall treat such contracts or obligations in a manner consistent with the tax requirements prior to December 31, 2018.
Residential threshold remains ‘as is’, thus, subject to the 25% FCV threshold.
By elimination of the commercial square footage thresholds, the inconsistency of application to tenant improvements based on property ownership is gone, as well as the sales tax risk on those projects that, over the course of the job, may breach these particular thresholds.
All tax exemptions remain unchanged.