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AICPA Construction and Real Estate Conference 2020

COR2022 - Tax Credits and Incentives available to Contractors

Dec 8, 2020 12:15pm ‐ Dec 8, 2020 1:30pm

Standard: $49.00


Although construction companies may not be the prime target of many tax credits and incentives, contractors should not assume that their activities will not be eligible for certain tax benefits. Further, contractors need to be knowledgeable of credits that may be available to their prospects, which will help with developing new business. This session will explore potential tax credits and incentives available at the federal and state level for construction contractors as well outline the types of credits and incentives available to property owners and developers in which a contractor should be well versed. Finally, the speakers will also touch on state sales and use tax exemptions that contractors need to be aware of so they can properly and competitively bid on projects.

Learning Objectives:

  • Identify expenses that may qualify for a federal income tax credit and/or incentive
  • Understand how certain federal credits and/or incentives available to property owners and/or developers may impact a contractor’s approach to a proposal or project
  • Recognize common business activities or project types that may make a contractor eligible for a state or local tax credit or exemption

Learning Objective:
  • Recognize common business activities that may make a contractor eligible for a state or local tax exemption or credit


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