ACEC started 2024 with early successes. The National Defense Authorization Act included ACEC-backed language that increases the long-standing 6 percent cap on design fees to 10 percent for work performed for the Corps of Engineers and other Department of Defense agencies.
We’re also pleased to report progress on fixing the research and development amortization requirement. The House of Representatives passed the Tax Relief for American Families and Workers Act of 2024 (H.R. 7024), which delays the rule until 2026.
At a time when the engineering field is needed more than ever to support the reinvestment and revitalization of vital public infrastructure, the amortization requirement disincentives innovation and unduly burdens small firms with a tax obligation that threatens their very existence. That’s bad news for America’s communities and economy.
ACEC is urging the Senate to expeditiously consider H.R. 7024 before engineering firms and other employers face their tax filing deadlines.
Our cover feature analyzes the challenges that occur with rising sea levels and land subsidence that are threatening coastline infrastructure nationwide and throughout the world, and the engineering solutions that are being considered in response (see story).
In late January, the Engineering and Public Works Roadshow stopped in Frankfort, Kentucky, to showcase the Mountain Parkway Expansion, which improves transportation and connectivity in the eastern region of the state (see story).
Our ACEC/PAC feature details the innovative planning and diligence among our PAC volunteers throughout the states, which helped to generate more than $1 million in annual donations once again in 2023 (see story).
We also explore how historic regional structures are enjoying a rebirth through innovative designs that often leave the original façade standing while extensive modernization takes place inside (see story).
We look forward to seeing you at our 2024 Annual Convention & Legislative Summit, May 13-16, at the Grand Hyatt in Washington, D.C., and for the Engineering Excellence Awards Gala on May 15.
Jay WolvertonACEC Chair
Linda Bauer DarrACEC President & CEO