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Top Three 8/10/18

Aug 09, 2018

1. NECA Wins in Primary Elections This Week

On Tuesday this week, four states (Michigan, Missouri, Kansas, and Washington) held primary elections. A special election was also held for Ohio’s 12th Congressional district. The results of the primary elections and the special election were overwhelmingly positive for NECA-supported candidates.

NECA's Look Ahead »

2. Proposed 199A Rules Released

The Treasury Department released important new rules on addressing the pass-through deduction. Here are some of the details:

  • The rule defines what qualifies as a trade or business, and then requires that any aggregated group only include trades or businesses.
  • The same group of owners must own a majority stake of each business in the aggregated group.Owners are allowed to apply family attribution rules to measure their ownership stake, and minority owners may rely on the ownership of the entire group to qualify for aggregation.
  • None of the aggregated businesses may be a "specified services" business.

Left out of the rule was guidance on how to address tiered ownership and how to stop owners from gaming the rules by disaggregating their businesses. In other good news, the proposed rules clarify that Electing Small Business Trusts get the deduction, just like any other owner of a pass-through business.

NECA's Look Ahead »

3. Start Setting Up Your August Recess Congressional Meetings

Members of the House of Representatives will be home in their districts for the entire month of August. A reported 98 percent of Congressional offices value in-district site visits as a way to engage with constituents. This is your opportunity to meet with your Representative in the district and discuss NECA’s priority issues. Members of Congress look forward to opportunities to visit constituents at NECA-IBEW Training Centers, jobsites, NECA chapter offices, or company headquarters. Call your local district office and request a meeting at one of these locations.

NECA's Look Ahead »