LHBA August 2016 Newsletter

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WWW.LHBA.ORG

NAHB Calls on Trump and
Clinton to Focus on Housing

NAHB Chairman Ed Brady today called on Republican presidential nominee Donald Trump and presumptive Democratic presidential nominee Hillary Clinton to make housing a priority during this election season.

Appearing in a live segment on CNBC's "Closing Bell" on the floor of the Republican National Convention in Cleveland, Brady said: "We're here to support housing. We're bipartisan. We know housing is an important part of the economy. We want to make sure whoever wins [the election in November] that housing becomes a national priority."

Brady added that NAHB has discussed housing finance reform and other issues that are important to the industry with both the Trump and Clinton campaigns and that the NAHB leadership will also be attending the Democratic National Convention in Philadelphia later this month.

Click here to read the article on NAHBnow.com

2016 Second Special Session

LEGISLATIVE UPDATE

Please consult your tax professional on possible tax changes regarding your business. Although many measures were defeated by the legislature, changes were made regarding the inventory tax credit and the state capital gains deduction. Many of the changes take effect immediately or on returns filed on or after July 1 st regardless of the return's tax year.

HB 11 by Rep. Shadoin and HB 38 by Rep. M. White reduces the amount of the individual income tax deduction for excess federal itemized personal deductions. This legislation reduced deduction rates on itemized deductions including mortgage interest and property taxes. HB 38 had many amendments and the bill changed every step of the process. LHBA opposed this legislation. HB 11 did not pass out of committee and HB 38 failed on the House floor. A nay or absent vote was a vote with LHBA. View the vote on HB 38 HERE

SB 6 by Sen. Morrell makes changes to the inventory tax credit. The $10,000 refund threshold was increased to $500,000. Eligible business with up to $500,000 in inventory tax can now receive all of the refund. $500,000 to $1,000,000 tax liability will have 75% of the credit refunded and the rest can be carried forward. Taxpayers with liability above $1,000,000 will have the first 75% of the $1,000,000 refunded and the rest can be carried forward. This applies to returns filed on or after July 1st regardless of the return's tax year. LHBA monitored this measure. SB 6 passed and was signed by the Governor.

SB 10 by Sen. Ward makes changes to the inventory tax credit for manufacturers. If the amount of the tax credit exceeds the amount of tax liability for the tax year, the excess credit is carried forward up to five years. This applies to returns filed on or after July 1st regardless of the return's tax year. LHBA opposed the original bill but removed the opposition after it was heavily amended. This bill passed the legislature and is now Act 5 after being signed by the Governor.

HB 50 by Rep. Montoucet originally reduced by 50% the individual income tax deduction for net capital gains. This legislation was amended to reduce the capital gain only on the sale of a business. The rate depends on number of years in business. This act applies to transactions on or after June 28, , 2016. This bill was also passed and signed by the governor.

Information provided by: Michelle Shirley, LHBA Lobbyist

IBS 2017 registration is now open!

SPECIAL PRICING ENDS AUGUST 31!

IBS expo pass is FREE for NAHB members! You can also save $100 on a full registration - with access to 130+ IBS Education sessions led by industry experts and phenomenal speakers. You can also register your spouse for FREE!

www.buildersshow.com

LHBA Fall Board of Directors
Renaissance Arts Hotel
New Orleans, LA
October 12-14

LHBA Block Room Rate $189

(504) 613-2330

There will be a BUILD PAC Fundraiser at Fulton Alley! Stay tuned for more info!

BUILD-PAC'S NEW "FAIR SHARE" PROGRAM

BUILD-PAC's new Fair Share campaign is the easiest way to get involved in the political process. We are asking every member to do their Fair Share for the housing industry by contributing just $25 to BUILD-PAC during the 2015-2016 election cycle.

What would happen if every NAHB member did their Fair Share?

If every member does their Fair Share and invests a minimum of $25, then BUILD-PAC will be a $3.5 Million PAC. This would allow BUILD-PAC and housing to have an even greater impact in the 2016 elections.

What is my Fair Share going toward?

Your contribution helps elect pro-housing, pro-business candidates who will support our issues and fight for housing in Congress.

How can I help with the Fair Share campaign?

Please help your state meet its goal. During your state and local meetings back home, ask your peers to do their Fair Share for housing by contributing just $25 to BUILD-PAC in this election cycle. If every member does their Fair Share, then BUILD-PAC's voice will be LOUDER and STRONGER than ever before.

Questions? For more information contact BUILD-PAC staff.

Meghan Everngam, Assistant Vice President | (202) 266-8259 | [email protected] Sofia Fox, Fundraising Manager | (202) 266-8248 | [email protected] Sashia Moore | (202) 266-8114 | [email protected] NAHB.org/buildpac

REMODELERS,

GET THE CREDIT YOU DESERVE!!

Louisiana Home Builders Association Remodelers Council is hosting the 2016 Louisiana Remodeling Excellence Awards (LREA) for projects completed between May 1, 2015 and October 1, 2016. Winners will be announced on January 26, 2017 at the LHBA Installation and Awards Banquet.

All remodeling contractors, builders, kitchen & bath specialists, and other remodeling professionals properly licensed in the State of Louisiana may submit projects. Contact [email protected] f or entry packet information. Deadline to submit entries is November 1, 2016.

Continuing

Education

Credit Opportunities

Residential Builders must earn 6 CEU credits each year, even with a multi-year license.

Acadian HBA

Sept 21 - Builder Ed Seminars - 3 Classes in 1 Day:

"HVAC Overview: EPA & Industry Regulations, Insulation & More" feat. Butcher Distributors, 9-11a (2 CEUs)
"Special Subcontractor Licensing Rule" feat. LA State Licensing Board for Contractors, 11a-Noon (1 CEU)
"Building Codes Update & Review Plus Enforcement" feat. Lafayette Codes Department, 1-4p (3 CEUs)

Northshore HBA

Sept 8 - DiSCStyle Class 9am-11am

Northshore HBA Office, 28603 Krentel Rd., Lacombe [map]

Cost: $45 for HBA members (and their staff/co-workers) and $60 for non-members.

RSVP: Call 985-882-5002

Space is limited so reserve your spot today!

Southeast LA HBA

Sept 7th 11 AM-1 PM

Lunch & Learn

Online Permit Application Process

Guest Speaker: Chris Pulaski director of Planning & Zoning of Terrebonne Parish Consolidated Government

phone at (985) 868-4725
mail registration form SLHBA, 147 Capital Blvd., Ste A, Houma, LA 70360
fax registration form (985) 222-2612
email registration form to [email protected]

CONTACT YOUR LOCAL ASSOCIATION FOR UPCOMING COURSES

UPCOMING LOCAL ASSOCIATION EVENTS

Acadian Home Builders Association

Aug 4 - After Hours Member Mixer, 5-7p, LUS Fiber Customer Service Center

Aug 9 - General Membership Luncheon feat. Reps. Stuart Bishop & Jean Paul Coussan, 11:30a, River Oaks Event Center

Aug 18 - Builder Ed Seminar: "Concrete 101" feat. Concrete & Aggregate Association of LA (CAAL), 9a-4p (6 CEUs), AHBA office

Aug 26 - 3rd Annual Casino Night, 7-11p, River Oaks Event Center

Sept 13 - General Membership Luncheon, 11:30a, River Oaks Event Center

Sept 19 - AHBA's Annual Doug Ashy Sr. Golf Tournament, 9:30a, Oakbourne Country Club

Northeast LA HBA

Aug 16 - Membership Update Breakfast, Homeland Bank, Monroe, 7:30 - 8:30 am

Sept 15 - Associate Appreciation Fish Fry, Ouachita Parish Rifle Range Multipurpose Building, West Monroe, 6:00 pm

Oct 17 - Election of Officers & Spike Appreciation, Warehouse #1 Restaurant, 1 Olive Street, Monroe LA 6:00 pm

Dec 8 - Christmas Party, Installation Banquet & Auction, Bayou Landing, 7805 DeSiard St, Monroe, LA 6:30 pm

Northshore HBA

Aug 2nd - General Membership Meeting 11:45am at Fleur de Lis Event Center, Mandeville

Sept 6 - General Membership Meeting 5:30pm at Trey Yuen, Hammond

Southeastern LA HBA

Sept 23 - Annual Golf Tournament 9:00 AM Tee Time

LaTour Golf Club

300 LaTour Blvd., Mathews

$500 a team for a 4 person team.
$20 a person for Mulligan Package
Deadline to register is September 23rd.

Many Sponsorship Opportunities are available.

For More information call (985) 413-7422 Or (985) 868-4725

Or visit our website at. www.selhba.org/swing-into-spring

Southwest LA HBA

Aug 17 - Lanza Family Fish Fry for the HBA, SW Louisiana

6PM at the Chalkley Room (Burton Coliseum)

Lake Charles, LA

LHBA Events

LHBA Executive Committee

September 1

LHBA Fall Board of Directors

October 12-14

Renaissance Arts Hotel New Orleans

New Orleans, LA

LHBA Executive Committee

December 15

NAHB IBS

Orlando, FL
January 9-12

LHBA Installation & Awards Banquet

and Board of Directors

January 25-27

LHBA Executive Committee

March 30

LHBA Board of Directors & Legislative Day

May 9-11

NAHB Midyear Meeting

Washington DC
June 13-17

LHBA Executive Committee

June 22

LHBA Summer Board of Directors

Pensacola, Florida
August 2-4

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