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Much of the HVAC construction industry, especially those in the residential realm, is comprised of small shops or even one or two-person operations. Many of these “pocket contractors” operate as sole proprietors.
It’s hard to believe President Donald Trump has been in office for a year now. But in that first year, tax reform has been accomplished, and he can check off that big win for himself, families and businesses across America.
Officials with the Heating, Air-conditioning and Refrigeration Distributors International said they were pleased the final bill includes items they supported.
The biggest overhaul of the U.S. tax code in more than 30 years is heading to the president’s desk after the House give final approval earlier today, giving the White House a major legislative victory.
The Air-Conditioning, Heating and Refrigeration Institute, which represents most of the industry’s major HVAC sales equipment makers, cheered its passage.
Republican leaders unveiled its final bill Friday, the result of negotiations between House and Senate leadership. It cuts the corporate tax rate from 35 percent to 21 percent.
Officials with the Air Conditioning Contractors of America said that while it has some good points, some provisions could result in higher tax bills for members.
