NAED continues to monitor what’s happening in the political world for our member companies. Ed Orlet, NAED Senior Vice President of Government Affairs & Strategic Projects brings you the latest edition of the NAED Washington Wire.
Here are a few of the issues we are tracking in DC this month:
- Regulations are taking center stage with the new “Overtime Rule” and the elimination of non-compete agreements causing concern amongst business owners.
- NAED is continuing to move forward with our efforts to fix the implementation of the 25C tax credit to eliminate “enabling properties” from novel PIN requirements. NAED, along with our industry partners NECA and NEMA, will meet with the Treasury Department in May to work towards resolving this issue.
- The Senate remains in limbo over the House-passed tax bill which includes important provisions for NAED members like restoring bonus depreciation.
- A new study shows the cost of moving heavy-duty trucks to all-electric, and the price tag exceeds $1 trillion.
- We also include in this issue reminders to talk with tax professionals about pending and implemented federal regulations that could affect electrical distributors.
Click here for more details on all of these items.
Please stay tuned for more policy updates from our team and as always feel free to reach out to Ed Orlet with any questions or comments at: EOrlet@naed.org.
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