The United States Army Corps of Engineers, the regulatory body responsible for implementing the permitting regime related to wetlands and other subjects pursuant to Section 404 of the federal Clean Water Act, has released new nationwide permits specifically intended for use in renewable energy development. The new permits went into effect on March 19, 2012. [...]
The Comptroller highlights franchise tax issues facing the construction industry in its August 2010 Tax Policy News. In addition to explaining other franchise tax issues, the Comptroller explains her interpretation that Tax Code § 171.1012(i)’s special provision that allows certain businesses in the construction industry to take the cost of goods sold deduction limits the deduction’s [...]
The Comptroller highlights franchise tax issues facing the construction industry in its August 2010 Tax Policy News. In addition to explaining other franchise tax issues, the Comptroller clarifies that the revenue exclusion permitted for flow-through payments to subcontractors is only permitted when the taxable entity has a contract with its client that states that the [...]
The Architecture Billing Index has now dropped in each of the last 10 months, indicating that construction and development of new real estate projects will remain at reduced levels in 2009. The most recent figures set a new record low. While this data confirms that real estate construction remains constrained, the lack of work for contractors may allow developers to obtain more competitive [...]
