Major Tax Cut for A/E Firms

[Donald]

This just in from the AIA:
AIA, ACEC, and other industry allies scored an “impressive victory” in a year-long campaign to secure passage of a major tax cut. The American Jobs Creation Act (H.R. 4520), which was recently signed by President Bush, provides a new 9% tax deduction for A/E firms for income derived from projects in the US.

This is indeed an impressive victory. The Jobs Act repeals a former tax benefit for US exporters- The Foreign Service Corporation/Extraterritorial Income Tax Inclusion (FSC/ETI) – and replaces it with new tax deductions for domestic enterprises that will be phased in over 6 years.

A year ago, the tax benefit was intended exclusively for manufacturing firms. ACEC and AIA, however, mounted an aggressive lobbying campaign to include A/E firms. Each and every member’s support is vital to the AIA Georgia PAC fund and to AIA National’s Archipac.

This sort of definitive result depends upon your involvement.

[Architorture]

didn't i post this like a month or so ago

[Donald]

Yes, and its a done deal now.