Riso Report: March 15, 2018

 

The Riso Report

2018 CORPORATE PARTNERS

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PHCC's 2018 Legislative Conference
May 22-23, 2018

 

 Register Today

 

 

 

Hyatt Regency on Capitol Hill
Washington, D.C.

 

Tell Congress Your Story on Capitol Hill

During the annual PHCC Legislative Conference, PHCC members take advantage of a great opportunity to meet with their respective Member(s) of Congress and advocate on issues impacting the plumbing, heating, and cooling industry.

 

This two-day conference provides participants with presentations from political analysts, briefings from Members of Congress, a reception on Capitol Hill, a Legislative Breakfast and meetings on Capitol Hill between constituents and their representatives.


While there are a number of issues currently being discussed on the Hill, the topics of infrastructure, workforce development and immigration are of increasing importance to our industry. 

The Debate Over Infrastructure Spending - America's Water Systems - the Forgotten Story

Recently, the White House released a proposal that it said would stimulate $1.5 trillion in new infrastructure spending through a $200 billion federal investment.  The White House also announced that the other $1.3 trillion would come from new state, local and private spending as a result of its spending plan.  All too often, lawmakers, the media, and the general public refer to infrastructure as roads, highways, and bridges - however, infrastructure is as much about America's water systems as it is about how we (as a nation) move people and products. 
READ MORE ...

How New HVAC Expensing Benefits Affect You
By Chuck White, Vice President of Regulatory Affairs 

The tax reform package contains an expensing benefit for HVAC equipment.  Previously, this equipment was subject to depreciation schedules which stretched out 39 years. Under the new plan, Section 179 Qualified Real Property now includes heating, ventilating, and air conditioning property which may be fully expensed in the year it is placed in service. There is a $1 million limit on the expense deduction in the year it is placed in service and that limit is reduced by any equipment amounts exceeding $2.5 million in that year.

A project that cost $20,000 under the past tax law would have a 39-year depreciation schedule or annual deduction of about $513. In the current tax law the entire $20,000 would be expensed. Tax savings would vary depending on the owner's situation but the savings would be significant.

The Section 179 deductions could apply to other items for owners as well; to read the text of the law, click here.

Association-Sponsored Group Health Plans

Could Lower Healthcare Costs for PHCC Members
By Chuck White, Vice President of Regulatory Affairs
The U.S. Department of Labor (DOL) is taking comments on proposed changes to the rules governing Association Health Plans (AHPs). While association-sponsored group health plans are not new, the history of their usage has been ever changing. Hampered by unscrupulous operators, an inability to cross state lines and rules preventing small businesses or sole proprietors from attaining large group status, these programs had limited benefit in many states. The Administration has proposed solutions to these obstacles in an effort to lower healthcare costs for small businesses which would result in increased health care coverage. READ MORE ...

Update on New Refrigerants
By Chuck White, Vice President of Regulatory Affairs  

The industry has been abuzz with talks of new refrigerants and dangers that may be lurking around the corner. In an effort to reduce Global Warming Potential (GWP), research has led to new refrigerants that are classed mildly flammable (A2L) and flammable (A3). READ MORE ...

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