![]() |
|
|||||||||||||||
![]()
![]() |
Legislative Updates Governor Brown Signs Bills that LAP&FCA Supported SB474 (Evans D-Santa Rosa) Construction Contracts Indemnity, SB293 (Padilla D-Van Nuys) Payment Bonds, AB397 (Monning D-Monterey) Workers Compensation Insurance, AB 1330 (Furutania D-Long Beach Technical Education all signed into Law by Governor in October 2011. New California Law Targets Employers that "Willfully" Misclassify Employers as Independent Contractors independent contractors is a huge problem in the construction industry. Employers who misclassify gain unfair competitive marketplace advantages saving as much as 30% on labor costs. Loss of revenue to federal, state and local governments due to misclassification is enormous because of the loss of Social Security & Medicare taxes.
Government should aggressively close the tax gap increased by non-tax compliant government but laws should not restrict the cash-flow of already tax-compliant contractors. Construction pre-tax profit margins rarely exceed 3% and the 3% withholding bears no relationship to taxable income.
Campaign For Quality Construction - LAP&FCA Represents Painting Industry May 2-4, 2012 in Washington DC A number of national union contractor associations (including FCA in which LAP&FCA is a member) meet in our nations Capitol supporting Bills of importance to their to their legislators on Capitol HIll. LAP&FCA was the first FCA Chapter to attend the conference in 1996 and has had strong representation every year since.
# # # |
|||||||||||||||
© Los Angeles Painting & Finishing Contractors Association. All rights reserved. / Powered by J. Arthur & Associates |
||||||||||||||||