October concluded with some great meetings: Fall Conference in Austin Texas, Leadership for Engineers concluded and the transportation interim study was a great success with a reception at the Governor's mansion and OTA sold bonds for the Access Oklahoma program.
As mentioned, the Interim Study with ODOT, AOGC and ACEC OKLAHOMA was a tremendous success highlighting Oklahoma's transportation future and needs. Legislators heard from Transportation Secretary Tim Gatz, ACEC OK, AOGC, OEF and other organizations and businesses that provide products and services to the Oklahoma Department of Transportation for the state’s roads and bridges. Gatz said Oklahoma’s highway system has a $20 billion backlog of needs, including 45 structurally deficient bridges.
Special Session
We can expect significant deliberations on reducing state income taxes or implementing some type of tax relief in the upcoming 2024 legislative session. In the previous session, the House passed several tax cut measures that were left unaddressed in the Senate. Pro Tem Treat clarified that he lacked adequate support from members to advance the bills.
State Budget Update
Despite the decrease in gross production tax collections, Russ highlighted that September's receipts amounted to $1.475 billion, $225 million or 18 percent more than the $1.25 billion generated in August. While the downward trend from the record annual high in March continues, the 12-month total of $17.14 billion remains $110.66 million or 0.6 percent higher than the previous year's revenues.
Special Elections
Republican candidates – Kristen Ferate, 45; William A. Gaige Jr., 47; Tim Hale, 64; Erick Harris, 36; Ronda Lee Peterson, 61; Cris Price, 53; Ross Vanhooser, 63.
Democrat candidates – Regan Raff, 43, Paul Timmons, 62.
|
|
The Reminder: Nov 2nd Membership Meeting
636 NE 41st Street, OKC OK 73105, 11:45AM Doors Open, Meeting begins at noon.
|
|
Call for Entires
The EEA submission portal Is live! You can submit projects here. We will still require a project poster board that must be submitted in-person, but everything else can be done online.
Member Entry Fee: $350 for members and $750 for non-members.
IMPORTANT DATES:
Entries due by 5pm CST November 29th
February 8,2024 EEA Awards Ceremony in OKC
|
|
|
R&D Amortization National Ad Campaign
ACEC National has launched a national television campaign which you can view to the left.
The ad, "Spark", will run in targeted states, national cable and connected tv until December. The ad is accompanied by a landing page where viewers can take action and learn more. The landing page is located here.
|
|
R&D Amortization: Member Firm
Action Needed
ACEC is making a final push to demand that Congress provide relief for engineering firms hurt by the new R&D amortization mandate. Support continues to build for bipartisan House and Senate bills (H.R. 2673 and S. 866) to repeal the amortization requirement, but it is imperative that Congress act before the end of the year!
Because of a change in tax policy, firms that traditionally could deduct R&D expenses in the year they occur must now amortize those expenses over five years. This has created a significant tax burden for many firms and is causing cash flow problems. ACEC member firms report that they are putting on hold plans to hire, grow, and invest because of the higher tax bills they are paying.
ACEC is working with coalition allies to make a final push for relief on this critical problem. Congress needs to understand the urgency of fixing R&D amortization before the end of the year. Even if you contacted your Members of Congress earlier this year, we need you to take action again.
|
|
Leadership for Engineers 2023 Concludes
This year we had an earnest group of up and coming Engineers who participated in all three sessions.
We believe we had productive, informative and helpful sessions for our industries emerging leaders. Many thanks to the firms who participated and the industry leaders who provided insight on legislative affairs, marketing, business development, engineering accounting, risk management and more.
Congratulations to our graduates and thank you for your participation! We look forward to next year.
|
|
PAC Updates!
We spend a lot of time asking for support. However we are incredibly close to reaching our goals, raising just under $11,000 for the federal pac and over $9,000 for our state pac.
We want to take a moment to thank EVERY pac donor, big and small. Without singling anyone out, we wanted to take a minute to show you the amount donated by each firm for state and federal as well. Your participation as a firm does a tremendous amount of work for our industry, supporting known allies and improving our ability to economically prosper collectively.
We still need your contributions!!
|
|
Register Now: PSMJ Principals Bootcamp!
What: PSMJ Principals Bootcamp
Where: 1601 NW Expressway, OKC OK 73118
When: Feb 7-8
Early Bird (before Jan 3) Member $1,795 / Non-Member $1895
Regular Member $2,095/ Non-Member $2,195
|
|
Upcoming Events
Board & General Membership Meeting
November 2 12:00 PM
AOGC Oklahoma City, OK
636 NE 41st St Oklahoma City, OK 73105
EEA Call for Entries Deadline Nov 29
Feb 7-8
PSMJ Principals in OKC
1601 NW Expressway, OKC OK 73118
Early Bird (before Jan 3) Member $1,795 / Non-Member $1895
Regular Member $2,095/ Non-Member $2,195
Feb 8
Board and General Membership Meeting + EEA Ceremony
4 PM Board / 5 PM General Membership / 6 PM EEA Ceremony
Oklahoma City, OK TBD
|
|
Mike Thompson
President & CEO
220 N.E. 28th Street, Suite 135
Oklahoma City, OK 73105
|
|
Phone: (405) 525-7696
Fax: (405) 557-1820
Email: mike.thompson@acecok.org
|
|
|
|
|
|
|